Description

Multi-family Investment Property at 50% of Retail
  • 1/3 ac lot with SFR (2 BR/1 BA) built in 1993 and duplex (2 BR/ 1BA ea) built in 1998; each unit ~800sf
  • 100% occupancy with month to month leases; $1500/mo rent with $1650/mo potential
  • ARV ~$165K
  • Repairs ~$40K (deferred maintenance and improvements)
  • Asking $77,323
  • Low property taxes & not in a flood zone
Call 985-202-7286 for additional information



Property Details

Property Status Available
Price $77,323
Estimated Repairs $40,000
Square Footage 2368
Sq Footage Source tax_records
# of Units 3
Market Rent (Annually) $19,800
Gross Rent $18,000
% leased 100%
Gross Yield 23.3%
Operating Expenses (Annual) $7,600
Net Income (Annual) $10400
Net Yield 13.5%
Property Management In Place no
Seller Financing Available no
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date June 29th, 2018

Seller Information

Member since June 2018
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