J
Seller's Agent in 2024
Jeremy Harson
NAI Latter & Blum
Last list price
400 Raymond St Opelousas, LA 70570
--
Bed
--
Bath
--
Sq Ft
2.5
Acres
About This Home
As of October 2024Price at 13% CAP RATE! Pecan Acres Mobile Home Park is located in the heart of Opelousas and sits on 2.5 acres with city water, sewer and concrete roads. The park has undergone extensive infrastructure improvements over the past year and a half with new home pads, new electrical overhead lines, new poles, meters and panels, newperimeter fence around the park with all roads recently resurfaced. The park has 29 total lots consisting of 19 park owned homes with rents ranging from $550-$850/month with a mix of 2 and 3 Bedroom homes. Out of the 10 remaining lots, 8 are currently leased at $200/month with 2 vacant lots. Lot rents are slightly below market and can be increased quickly. Current rental income is $14,600/month and the park has significant value add potential.Tenants pay all utilities. Priced at an 13% CAP rate. Tenants pay all utilities. Priced at an 13% CAP rate.
Last Agent to Sell the Property
Jeremy Harson
NAI Latter & Blum Listed on: 05/09/2022
Last Buyer's Agent
Non-Member Agent/Seller
Non-Mbr Office/Seller
Property Details
Home Type
- Multi-Family
Lot Details
- 2.5 Acre Lot
- Lot Dimensions are 180 x 443 x 320 x 455
Home Design
- Mobile Home Park
- Frame Construction
- Aluminum Siding
- Vinyl Siding
Utilities
- Cooling Available
- Central Heating
Community Details
Overview
- 29 Units
Building Details
- New Taxes Expense $1,500
- Operating Expense $41,340
- Gross Income $175,200
- Net Operating Income $133,860
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/03/2024 10/03/24 | Sold | -- | -- | -- |
| 08/02/2024 08/02/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | For Sale | $899,000 | 0.0% | -- |
| 06/18/2024 06/18/24 | Off Market | -- | -- | -- |
| 06/18/2024 06/18/24 | Price Changed | $899,000 | 0.0% | -- |
| 06/18/2024 06/18/24 | For Sale | $899,000 | -5.4% | -- |
| 05/04/2024 05/04/24 | Pending | -- | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $950,000 | 0.0% | -- |
| 05/01/2024 05/01/24 | Off Market | -- | -- | -- |
| 04/22/2024 04/22/24 | Price Changed | $950,000 | -4.5% | -- |
| 02/07/2024 02/07/24 | Price Changed | $995,000 | -8.7% | -- |
| 12/20/2023 12/20/23 | Price Changed | $1,090,000 | -9.2% | -- |
| 12/20/2023 12/20/23 | For Sale | $1,200,000 | -7.3% | -- |
| 05/09/2023 05/09/23 | Off Market | -- | -- | -- |
| 05/11/2022 05/11/22 | For Sale | $1,295,000 | -- | -- |
Source: REALTOR® Association of Acadiana
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2024
Non-Member Agent/Seller
Non-Mbr Office/Seller
Map
Source: REALTOR® Association of Acadiana
MLS Number: 22004317
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.
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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