1103 Warren Drive 1005 Warren Dr. $1,500,000

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.

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