1409 Hooks Dr
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1409 Hooks Dr
6 Unit Block of Flats £414,225 (£69,037/Unit) 12.34% Net Initial Yield Hammond, LA 70401
Investment Highlights
- 100% Occupied
- Near the local university
- Centrally located
- Instant cash flow
Executive Summary
Investors Special! 6 units consisting of (3) 2 bed/ 1 bath duplexes. No Carpet in any of the units. Occupied year around! Walking distance to SELU campus. Low vacancy rate! All city utilities Water, Garbage, Sewer.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£45,446
|
£8.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£45,446
|
£8.42
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£1,744
|
£0.32
|
| Net Operating Income |
£43,703
|
£8.09
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £45,446 |
| Annual Per SF | £8.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £45,446 |
| Annual Per SF | £8.42 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £1,744 |
| Annual Per SF | £0.32 |
| Net Operating Income | |
|---|---|
| Annual | £43,703 |
| Annual Per SF | £8.09 |
Property Facts
| Price | £414,225 | Apartment Style | Townhome |
| Price Per Unit | £69,037 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Net Initial Yield | 12.34% | Building Size | 5,057 SF |
| Sale Conditions | Portfolio Sale | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1984/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.37/1,000 SF |
| Price | £414,225 |
| Price Per Unit | £69,037 |
| Sale Type | Investment |
| Net Initial Yield | 12.34% |
| Sale Conditions | Portfolio Sale |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,057 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built/Renovated | 1984/2019 |
| Parking Ratio | 2.37/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Breakfast Nook
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £650.92 | 843 |
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PROPERTY TAXES
| Parcel Number | 04691601 | Improvements Assessment | £5,358 (2023) |
| Land Assessment | £671 (2023) | Total Assessment | £6,029 (2023) |
PROPERTY TAXES
Parcel Number
04691601
Land Assessment
£671 (2023)
Improvements Assessment
£5,358 (2023)
Total Assessment
£6,029 (2023)
zoning
| Zoning Code | Commercial |
| Commercial |
-
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