Willow Springs Mobile Home Court
Mobile Home ParkLivingston, Livingston Parish, Louisiana
Listing Details
- Asking Price
- $1.1M
- City
- Livingston
- County
- Livingston Parish
- State
- Louisiana
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About Willow Springs Mobile Home Court
Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month.
Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate.
With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth. Some seller financing debt assumable with a current balance of $363,231.34 at 5.5% interest amortized over 30 years with a balloon due in May 2029.
Frequently Asked Questions
How much does Willow Springs Mobile Home Court cost?
Willow Springs Mobile Home Court is listed at $1.1M. Request full financials through Parkvestor for a direct introduction to the listing broker.
What type of property is Willow Springs Mobile Home Court?
Willow Springs Mobile Home Court is a mobile home park located in Livingston, Louisiana, currently listed for sale.
Where is Willow Springs Mobile Home Court located?
Willow Springs Mobile Home Court is located in Livingston, Louisiana. Browse more mobile home parks for sale in Louisiana on Parkvestor.
How do I get more information about Willow Springs Mobile Home Court?
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