Investment Opportunity: Prescott Place Mobile Home Community

For Sale

7100 Prescott Rd, Baton Rouge, LA 70812

This Baton Rouge property for sale is located at 7100 Prescott Rd. The current listed sale price for Investment Opportunity: Prescott Place Mobile Home Community is $2,650,000. Investment Opportunity: Prescott Place Mobile Home Community is situated on a lot that is 6.77 acre in size.

Contacts

broker

Mark Segalla

ELIFIN®

(225) 505-4349

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 74
  • Lot Size 6.77 Acre
  • Date Updated Jan 22, 2024
-Prescott Place is a brand new 71 space mobile home park development completed early 2023. Improvements to the property included: new plumbing, new electrical, fully fenced in and secured, updated roadways. Lease up began in middle of 2023 and expected to be at stabilization by Q1 of 2024. All lot rentals with no maintenance headaches on Landlord. Electric bill is paid directly by tenant, water is paid through the landlord with a $50/month water credit paid by tenant. Discounted sale price for buyer to acquire prior to stabilization. The community is located at the highly traveled Airline Hwy / Prescott Rd intersection (±48,646 daily traffic) – capitalize on this visibility to draw tenants and fully lease the property. The community is fully fenced and has RFID access gates at the entrances. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Privileged Documents” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

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Highlights

  • Recently renovated community
  • Currently around 70% occupancy, expected stabilization within 6 months
  • Significant upgrades under current ownership
  • Situated at highly traveled Airline Hwy / Prescott Rd intersection

Getting around

  • 31/100

    Walk Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Baton Rouge, LA
  • Neighborhood Victoria Farms
  • Zip Code 70812
  • Market Baton Rouge

Points of Interest

  • RaceTrac

    1.72 miles

  • Murphy USA

    2.65 miles

  • RaceTrac

    3.07 miles

  • ChargePoint

    3.87 miles

  • Valero

    4.38 miles

  • Chevron

    4.63 miles

  • Green Park

    4.66 miles

  • Circle K

    4.75 miles

  • Tesla Supercharger 3B

    4.89 miles

  • Tesla Supercharger 3A

    4.89 miles

  • Bon Carre Parking

    2.21 miles

  • Parkhaus

    3.36 miles

  • Insurance Building Parking

    4.49 miles

  • Claiborne Garage

    4.54 miles

  • State Capitol Northwest Lot

    4.57 miles

  • Galvez Garage

    4.66 miles

  • LaSalle Garage

    4.84 miles

  • State Welcome Center Parking Garage

    4.86 miles

  • East River Center Parking Garage

    5.07 miles

  • West River Center Parking Garage

    5.11 miles

  • The Shades Motel

    2.06 miles

  • SureStay Plus Hotel by Best Western Baton Rouge

    2.16 miles

  • Value Place Baton Rouge (North)

    2.20 miles

  • Alamo Plaza Motel

    2.99 miles

  • SpringHill Suites by Marriott Baton Rouge North/Airport

    3.14 miles

  • Days Inn by Wyndham Baton Rouge Airport

    3.17 miles

  • Microtel Inn & Suites by Wyndham Baton Rouge Airport

    3.19 miles

  • Hilton Garden Inn Baton Rouge Airport

    3.22 miles

  • Comfort Inn & Suites Airport

    3.91 miles

  • Residence Inn by Marriott Baton Rouge Towne Center at Cedar Lodge

    3.94 miles

  • Tony's Seafood

    2.22 miles

  • Walmart Supercenter

    2.40 miles

  • Red Stick Spice Co.

    3.11 miles

  • Our Daily Bread

    3.12 miles

  • Connell's Village Shopping Center

    3.16 miles

  • Albertsons

    3.21 miles

  • Hi Nabor Supermarket

    3.34 miles

  • Calandro's Supermarket

    3.47 miles

  • Whole Foods Market

    3.85 miles

  • Hammond Aire Plaza

    4.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Mark Segalla

ELIFIN®

(225) 505-4349