Investment opportunity to acquire an established 18-site mobile home community in Livingston, Louisiana. Willow Springs MHC offers a straightforward lot-rental model with zero park-owned homes or notes, providing investors with a simplified operating structure and limited exposure to home maintenance and turnover costs. The community is currently 100% occupied, with lot rents at $450 per month. Willow Springs features paved interior roads, off-street parking, a master water meter, and a recently refurbished oxidation pond and collection tanks. The property is situated in Flood Zone AE. Offered at $1,080,000, or $60,000 per existing site, pricing is based on $450 monthly lot rents, a 5% vacancy and delinquency allowance, and a 30% operating expense assumption, resulting in an approximately 6% capitalization rate. With full occupancy, strong collections, no park-owned homes, and recently improved infrastructure, Willow Springs MHC offers investors a stabilized, low-maintenance community with a solid existing income stream and potential for continued long-term growth.
Multi-familyProperty Type
2.8 acresLot Size
$10Price/Sq.Ft.
Listed by Stephen Gillies• Elite Real Estate Advisors
The purpose of C-1 is to provide a variety of light commercial activities including warehousing and distribution. This promotes major retail, office and services that generate high traffic volume and require easy access to a major highway or interstate roads.
Permitted uses
Include but are not limited to:
Automotive sales
Gas station
Bank
Convenience store
Day care facility
General retail
Restaurant
Hospital / medical center
Warehouse
Office
Mar 13, 2025 • Final
Other
Replace a power pole.
Electrical
Apr 2, 2024 • Active
Residential
Replace a utility pole that was damaged by a fallen tree.
Electrical
Generator
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Livingston, LA • 70754
Average low and high temperatures (°F)
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46
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 28026 S Satsuma Rd
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