2500 Donnelly, Westlake, LA 70669

$250,000

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List Price
$250,000
Status
ACTIVE
Days on Market
36
MLS#
SWL26002975
Subtype
ResidentialIncome
Year Built
2007
Lot Size
1
Acres
1.11
MLS Area Major
Other

Property Description

Investors, this one is already working for you. This income-producing mobile home park in Westlake, Louisiana includes four mobile homes across four addresses (2488, 2492, 2500, and 2506 Donnelly Road) and is generating $3,725 per month in gross rental income with tenants already in place. Three units rent at $950/month. One rents at $875/month. All four tenants pay their own utilities and maintain their own lawn, keeping your overhead low and your net income strong. Property insurance runs approximately $1,500 per unit annually. That is a simple, clean expense structure that makes projections easy. Each home offers 3 bedrooms and 2 full bathrooms. All units are well maintained and in good condition. Located in Westlake, Louisiana in Calcasieu Parish, this property sits in the middle of one of the most active industrial corridors on the Gulf Coast. LNG facilities, refineries, chemical plants, and energy sector employers surround this area, creating steady, sustained demand for affordable rental housing. Vacancy pressure is low and rental demand is driven by workforce need, not seasonality. Quick access to Interstate 10, the Lake Charles, casinos, hospitals, Petro-chemical plants and shopping makes this location consistently desirable for working tenants.

Additional Information

Interior Features
Kitchen Island, Laminate Counters, Separate Shower, Tub Shower
Appliances
Electric Range, Electric Water Heater, Refrigerator
Heating
Central
Air Conditioning
Central Air, Ceiling Fan(s)
Roof
Shingle

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Compass-LC.