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$453K Noi Mobile Home Park

2130 E McNeese Street : Lake Charles, LA 70607

Calcasieu Parish, Louisiana

20.23 Acres
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$453K Noi Mobile Home Park : Lake Charles : Calcasieu Parish : Louisiana

Land Description

Value-Add Mobile Home Park.

Marketplace Online Auction Nov. 14-16, 2022

Investment Highlights

Noi: institutional Seller

Value-add opportunity through lease-up, rent increases and improvements

Gates of McNeese serves as a primary housing option for the manufacturing district's workforce

Situated ±5 miles from Downtown Lake Charles through East McNeese Street and Common Street

Located in close proximity to McNeese State University

Host of national retailers located within a 5-mile radius including Walgreens, Albertsons, Tractor Supply, and more

Offering Details

Property One and RI Marketplace are pleased to present Gates of McNeese (the "Property"), a 229-Space RV mobile home community located in Lake Charles, Louisiana. The Property features a prime value-add opportunity for new ownership to capture additional upside through lease-up at market rates in a location with a multitude of demand drivers including secondary educational facilities, retail options, and a robust manufacturing sector. Furthermore, Gates of McNeese serves as a primary housing option amongst the manufacturing district's workforce population as a result of its convenient location. The Property is available at an attractive basis from a motivated institutional seller (special servicer) with the flexibility to accept preauction offers.

Median household income in the city of Lake Charles is with a workforce population of ±35,400 people. In 2020, the place with the highest median household income in Lake Charles was Census Tract 19.01 with a value of followed by Census Tract 5 and Census Tract 9, with respective values of and The largest industries in Lake Charles are Health Care & Social Assistance, Retail Trade, and Educational Services while the highest paying industries are Manufacturing and Transportation & Warehousing based on information provided by the United States Census Bureau.

Lamar P. Fisher

Fisher Auction Company Inc.

License: 1983

Co: Ab-424

Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Buyers should exercise their own due diligence when purchasing real estate. AUCTIONFLIP is not a party to any portion of the real estate transaction between a buyer and seller on this site. Contact the seller directly regarding this listing.
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