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42553 Hwy 42 - Old Galveston Mobile Home Park 12,740 SF Specialty Building Offered at $4,133,940 CAD at a 10.94% Cap Rate in Prairieville, LA 70769
Investment Highlights
- Located in Flood Zone AE & all homes are above flood plain
- 26 - 3bed/2bath homes leased at $1300/month average
- $413,904 scheduled gross annual income
- All homes built in 2018
- 1 - 2bed/1bath home leased at $950/month
- $323,000 NOI
Executive Summary
Exceptional investment opportunity. This mobile home park with 27 park-owned homes and 3 lot rentals offers exceptional value. Located in the desirable Ascension Parish School District, this park is currently reported to maintain strong occupancy. With city maintained road, reported scheduled gross income of $413,904, city water and sewer, and 2018 model homes described as being in like-new condition, this offering presents a compelling cash-flow investment opportunity. Contact Broker today for investment details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,133,940 CAD | Building Class | C |
| Price Per SF | $120.88 CAD | Lot Size | 4.38 AC |
| Sale Type | Investment | Building Size | 34,200 SF |
| Cap Rate | 10.94% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2018 |
| Property Subtype | Trailer/Camper Park | ||
| Zoning | C-6-A & C-6-B-1-A | ||
| Price | $4,133,940 CAD |
| Price Per SF | $120.88 CAD |
| Sale Type | Investment |
| Cap Rate | 10.94% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 4.38 AC |
| Building Size | 34,200 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Zoning | C-6-A & C-6-B-1-A |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06392-800 | Total Assessment | $1,719 CAD |
| Land Assessment | $825 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $894 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
06392-800
Land Assessment
$825 CAD
Improvements Assessment
$894 CAD
Total Assessment
$1,719 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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42553 Hwy 42 - Old Galveston Mobile Home Park
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