1103 WARREN DRIVE, West Monroe LA 71291
Overview
Description
INVESTMENT OPPORTUNITY! If you’re looking for long-term residential income, this 30-unit trailer park is what you’ve been looking for in West Monroe! Sixteen of the lots are occupied with seller-owned mobile homes, 12 lots are leased to tenant-owned homes, while two lots are being used by the seller as a beauty shop and RV site. There’s also a 4 bedroom, 2 bath home on the property, as well as a functioning beauty shop that could also be used as an office. Gross annual income is $159,300. Situated on 3.1 acres, the property features a gravel driveway, three storage buildings and a variety of seller-owned homes ranging from 3BR/2BA, 2BR/2BA to 2BR/1BA.There is also an attached 2.57 acre cleared lot that allows for expansion. Owner pays for water/sewage/trash ($1,300/mo.), while each lot has an individual electric meter. Maintenance costs vary per year depending upon renovations and appliance/HVAC replacement. There is currently three lots not collecting income that are being used by the seller, while all other lots/homes with the exception of one currently being renovated are leased. All seller-owned homes can be shown with an accepted contract. Seller does not want to unnecessarily disturb the tenants.
Additional Details
- ShowingInstructions: Call Listing Agent,Appointment Only
- InternetAddressDisplayYN: 1
- TaxLegalDescription: Lengthy - Please See Associated Documents
- ListAgentMlsId: 265
- WaterSource: Public,Electric Company: City
- LaundryFeatures: None
- PhotosCount: 19
- FireplacesTotal: 0
- ModificationTimestamp: 2024-07-30T21:11:47.100Z
- Cooling: Central Air
- OtherStructures: Outbuilding,Storage
- ListOfficeMlsId: remax prem
- StreetNumberNumeric: 1103
- RoadSurfaceType: Unimproved
- ListingContractDate: 2024-07-23
- ParkingFeatures: Gravel
- Sewer: Public Sewer
- Heating: Central
- MLSAreaMajor: 161 WM City Central / Kiroli Par
- ListOfficeName: Re/Max Premier Realty
- StreetName: WARREN DRIVE
- PatioAndPorchFeatures: None
- OriginatingSystemKey: nelar
- PhotosChangeTimestamp: 2024-07-24T13:37:17.684Z
- OriginatingSystemName: NELAR API
- MlsStatus: ACTIVE-PENDING
- FireplaceFeatures: None
- StreetNumber: 1103
- ListingId: 211006
- ListingKey: 19ccbb960f0f20457fe47876c37a5381
- NELAR_L_StatusID: 6
- NELAR_L_SaleRent: For Sale
- StateOrProvince: LA
- StreetAdditionalInfo: 1005 Warren Dr.
- InternetEntireListingDisplayYN: 1
- InternetAutomatedValuationDisplayYN: 1
- Gas: Other,Gas Company: Other
- ElementarySchool: HIGHLAND O
- ListAgentFirstName: Linda
- Directions: Arkansas Rd to Warren Dr. or Cypress St. to Warren Drive. Warren Place Mobile Home Park located between Orleans Place and Tuscany Dr.
- BridgeModificationTimestamp: 2024-07-30T21:13:04.963Z
- ConstructionMaterials: Other
- Roof: Other
- NumberOfUnitsTotal: 30
- ParcelNumber: 40836 & 68282
- Electric: Separate Meters,Electric Company: Entergy
- FoundationDetails: Other
- InternetConsumerCommentYN: 1
- HighSchool: W MONROE O
- IDXParticipationYN: 1
- ListAgentLastName: Williams
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