NOT LISTED FOR SALE

1835 S Lake Arthur Ave Unit 26 Jennings, LA 70546

-- Bed
-- Bath
-- Sq Ft
4.05 Acres

Last Sold September 10, 2020

127 Days on Market

About This Home

As of September 2020

For sale at an attractive CAP rate of 11.4% is a great investment opportunity in a solid rental market. Located in Jennings, LA is a 26 lot mobile home park on over 4 acres and access to city utilities such as water, sewer and electricity. There are a total of 21 park owned homes ranging in age and rental income and 5 rental lots (2 of which are for RV/campers). The park is currently located directly South and adjacent to the new Jennings Elementary School site that has undergone financing and design approvals. The footprint of the park is small with room for expansion on the exisiting 4 acres.

Last Agent to Sell the Property

Jeremy Harson

NAI Latter & Blum Listed on: 03/02/2020

Co-Listed By

Clinton Shepard

NAI Latter & Blum

Last Buyer's Agent

Christe Dailey

Christe Dailey Realty License #46567

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4.05 Acre Lot
  • Lot Dimensions are 247.5 x 682

Home Design

  • Mobile Home Park
  • Siding

Kitchen

  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • 26 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 26 Units

Building Details

  • New Taxes Expense $2,100
  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Mobile Home Park
  • Prop. Type: Residential Income
  • Lot Size Acres: 4.05
  • Lot Size: 247.5 x 682
  • Co List Office Mls Id: l001162
  • Co List Office Phone: 337-233-9541
  • Subdivision Name: None
  • Directions: I-10, take exit 64 headed south on Elton Road, contine south and property will be past the railroad tracks about a mile and a half.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Owner Pays: Sewer, Trash Collection, Water
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Other, Other Siding
  • Foundation Details: Other
  • Property Condition: 21 - 30 Years
  • Roof: Other

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 26

Utilities

  • Cooling: Central Air,Wall Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Lot Info

  • Lot Size Sq Ft: 176418
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 26

Tax Info

  • New Taxes Expense: 2100
  • Tax Lot: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold -- -- --
07/09/2020 07/09/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $715,000 -- --
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeremy Harson

    NAI Latter & Blum

  • C

    Seller Co-Listing Agent in 2020

    Clinton Shepard

    NAI Latter & Blum

  • Christe Dailey

    Buyer's Agent in 2020

    Christe Dailey

    Christe Dailey Realty

    (337) 580-2607

    75 Total Sales

    Christe Dailey
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 20002193

REALTOR® Association of Acadiana
Louisiana Jeff n Davis Parish Jennings 70546

1835 S Lake Arthur Ave Unit 26, Jennings, LA

This home is located at 1835 S Lake Arthur Ave Unit 26, Jennings, LA 70546 since 02 March 2020. 1835 S Lake Arthur Ave Unit 26 is a home located in Jefferson Davis Parish with nearby schools including Ward Elementary School, Jennings Elementary School, and Jennings High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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