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$1,275,000
Est. payment /mo
26 Beds
16 Baths
6,429 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,429 sqft
Price per Sqft $198
MLS Listing ID 2547424
Style Other
Bedrooms 26
Full Baths 16
Construction Status Very Good Condition
HOA Y/N No
Year Built 1980
Property Sub-Type Apartment
Property Description
9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner
Location
State LA
County Jefferson
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Exterior Feature Fence
Parking Features Off Street
Pool None
Water Access Desc Public
Roof Type Metal
Building
Lot Description City Lot, Rectangular Lot
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories Two
Construction Status Very Good Condition
Others
Tax ID 0910006095
Security Features Closed Circuit Camera(s)
Special Listing Condition None
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Listed by Bridgewater Realty Advisors, LLC
Schools Near
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