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25 photos
$900,000
$950,000 5.3%
Est. payment /mo
12,017 SqFt
UPDATED:
Key Details
Sold Price $900,000
Property Type Multi-Family, Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,017 sqft
Price per Sqft $74
Subdivision Highland Acres
MLS Listing ID 2024007060
Lot Size 0.940 Acres
Property Description
Situated on a sprawling acre of land, this charming apartment complex comprises four buildings, including three triplexes and one duplex, offering a total of 11 doors for potential tenants. Nestled within the tranquil confines of a 1-acre lot, measuring 263.8x330.4, these units boast cozy living spaces averaging 900 square feet, each containing 2 bedrooms and 1 full bath. Building 1 showcases an estimated living area of 2,833 square feet, complemented by spacious 400-square-foot front and back porches. Building 2, a duplex offers approximately 1,635 square feet of living space alongside inviting 230-square-foot front and back porches. Meanwhile, Buildings 3 and 4 each offer an estimated living area of 2,452.8 square feet, enhanced by expansive 346-square-foot front and back porches. 100% occupied! Managed internally, the property features convenient amenities such as a coin-operated laundry facility adjacent to Unit A, equipped with two washers and two dryers, all replaced in 2023. Maintenance is a top priority, with 10 serviced AC units and annual inspections ensuring optimal functionality. This is a lucrative investment opportunity. Showings will be scheduled post-offer acceptance, providing a firsthand glimpse into the potential of this remarkable property. Did not flood, does not require flood insurance, flood zone X. Cap rate fluctuates pending vacancies but overall averages 10%, along with the average Gross Annual rent: $127,440, Monthly: $10,620. NOI: Average $96,609.72. Total Monthly expenses: $2,569.17
Location
State LA
Parish Livingston
Area Liv Mls Area 82
Schools
School District Livingston Parish
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Listed by Pennant Real Estate
Bought with NON-MEMBER OFFICE
Bought with NON-MEMBER OFFICE
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