Home / Properties / Huntington MHC

CONFIDENTIALITY AGREEMENT

THIS IS INTENDED TO BE A LEGALLY BINDING AGREEMENT.

I have read and agree to the Confidentiality Agreement

Agreement

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from MH Pro Group, LLC and distribution to any other person or entity without the express written consent of MH Pro Group, LLC is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MH Pro Group, LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. MH Pro Group, LLC has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, MH Pro Group, LLC has not verified, and will not verify, any of the information contained herein, nor has MH Pro Group, LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Share this property with your friends

Please type comma separated emails if you want to share these properties with multiple people.

Submit Offer

Huntington MHC

6850 Klug Pines Rd, Shreveport, LA, 71129

Property Highlights

  • Huntington MHP is a 97-pad manufactured housing community located in Shreveport, LA. The property has 96 rentable sites, 81 of which are currently occupied, for an 84% occupancy rate. The rent roll is anchored by 56 tenant-owned homes, along with 21 park-owned homes and 4 rent-to-own homes, at an average pad rent of $365 per month. The community is serviced by public utilities, with water, sewer, and trash billed back to residents, which keeps the owner’s utility exposure to a minimum. Huntington MHP sits on 12.44 acres and offers a well-proportioned, all-age community with dedicated two-car, off-street parking at each pad. The property is served by private asphalt roads. Residents are responsible for pad landscaping, and ownership maintains the common areas, which supports a clean, low-maintenance operating structure. Nearly half of the park-owned home inventory was manufactured in 2010 or later, many of them Clayton homes, giving a new owner a quality rental and rent-to-own portfolio. Located in west Shreveport, the property gives residents access to the region’s major employment centers, including Barksdale Air Force Base, Willis-Knighton Health System, and LSU Health Shreveport. Huntington MHP offers immediate value-add upside with 9 vacant pads for infill and 6 vacant park-owned homes ready for rehab and re-leasing. Combined with steady in-place occupancy and lot rents that sit well below market average, the property gives investors an attractive opportunity for both stable in-place income and meaningful growth in revenue and occupancy.

Property Details

  • Price: $6,500,000
  • Pad Count: 97
  • Water: Public
  • Sewer: Public

Download File

Download File

Download Offering Memorandum

3D Tour


Request Information


Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00