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24-Unit Apartment Complex w/ Additional Land 111-131 Teresa Dr

24 Unit Block of Flats £1,398,739 (£58,281/Unit) 7% Net Initial Yield Saint Martinville, LA 70582

Investment Highlights

  • Stays Fully Leased
  • Flood Zone "X"
  • Great Location

Executive Summary

24 Unit Apartment Complex For Sale
- Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each
- Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each
- All leases are for 6 month terms
- Approximately 0.86 additional acres included could be used for additional apartments
- Has laundry facility on site
- NOI is $125,000.00, 7% CAP Rate
- Stays fully leased
- Flood Zone "X' - no flood
- Also available, 136-Unit Mini-Storage Unit

Attachments

Flyer_111__121__131_Teresa_Dr.
Drive Time Map
Demographic_and_Income_Profile
Traffic_Count_Map
Executive_Summary
Apartment Rent Roll_(sharable)

Financial Summary (Actual - 2021) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2021) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,398,739 Apartment Style Low Rise
Price Per Unit £58,281 Building Class C
Sale Type Investment Lot Size 1.73 AC
Net Initial Yield 7% Building Size 21,684 SF
No. Units 24 Number of Floors 2
Property Type Residential Year Built 2000
Property Subtype Apartment Parking Ratio 1.38/1,000 SF
Price £1,398,739
Price Per Unit £58,281
Sale Type Investment
Net Initial Yield 7%
No. Units 24
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.73 AC
Building Size 21,684 SF
Number of Floors 2
Year Built 2000
Parking Ratio 1.38/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Tub/Shower

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 - 720
2+1 12 - 840
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111-131 Teresa Dr, Saint Martinville, LA - aerial map view - Image1
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111-131 Teresa Dr, Saint Martinville, LA - aerial map view - Image4

PROPERTY TAXES

Parcel Number 15801B2331 Improvements Assessment £57,220 (2023)
Land Assessment £2,773 (2023) Total Assessment £59,993 (2023)

PROPERTY TAXES

Parcel Number
15801B2331
Land Assessment
£2,773 (2023)
Improvements Assessment
£57,220 (2023)
Total Assessment
£59,993 (2023)
(225) 766-0000 x919

Contact

  • Listing ID: 26261261

  • Date on Market: 26/07/2022

  • Last Updated:

  • Address: 111-131 Teresa Dr, Saint Martinville, LA 70582

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© 2024 CoStar Group

24-Unit Apartment Complex w/ Additional Land | 111-131 Teresa Dr
(225) 766-0000 x 919

24-Unit Apartment Complex w/ Additional Land | 111-131 Teresa Dr

Mike Stinson

(225) 766-0000

x919

(225) 766-0000 x919

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