Description
This 12 unit apartment complex has 7,714 Sqft(Total site 12,000 Sqft) & located near the LSUs campus (a 2-minute walk from the main campus). Every unit is two bedrooms & one full bathroom. The current gross cash flow is just north of 6k per month. All tenants are on month-to-month leases, providing great flexibility for the new owner. The property is under-rented and projects to cash flow north of $13,000 per month after updates are made. All AC units updated in 2020 & new electrical. Flood cost $993/year.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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7,714SQFT
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$100$/SQFT
School Ratings & Info
Description
This 12 unit apartment complex has 7,714 Sqft(Total site 12,000 Sqft) & located near the LSUs campus (a 2-minute walk from the main campus). Every unit is two bedrooms & one full bathroom. The current gross cash flow is just north of 6k per month. All tenants are on month-to-month leases, providing great flexibility for the new owner. The property is under-rented and projects to cash flow north of $13,000 per month after updates are made. All AC units updated in 2020 & new electrical. Flood cost $993/year.
Broker and Associates are licensed in the State of Louisiana, USA.
Robin Realty Mandeville La. Licensed in Louisiana || 985-778-2525 || Covington, LA.
Terms & Conditions
© 2023 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robin Realty Mandeville La. Licensed in Louisiana. Data last updated: 2023-03-25T22:34:23.32.
Listing courtesy of Gulf South Real Estate Information Network.