1220 Cousin StSlidell, LA 70458

Exceptional investment opportunity: Bishop Mobile Home Park, a 41-site mobile home community situated on 5.07 acres in Slidell, Louisiana, is now available for purchase at $2,100,000. This stabilized asset boasts a Net Operating Income (NOI) of $127,320, reflecting a strong occupancy rate exceeding 90%. The park features paved roads, ample off-street parking, and a conveniently located single-family home generating additional rental income. A substantial storage building is also included on the property. Residents benefit from city water services and a well-maintained sewage treatment plant. The park's strategic location, just five minutes from Interstate 10 and the Fremaux Town Center shopping mall, and 35 minutes from downtown New Orleans, provides residents with easy access to employment opportunities and regional amenities. This property presents a compelling value-add opportunity through potential lot rent increases, conversion of existing rentals to home sales, and filling a small number of vacant sites. The thriving Slidell market makes this a highly attractive investment prospect. The address is 1220 Cousin St, Slidell, LA 70458.