171-181 Southside St
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171-181 Southside St
12 Unit Block of Flats £1,568,820 (£130,735/Unit) 8.43% Net Initial Yield Sulphur, LA 70665
Investment Highlights
- Low maintenance exterior and interiors
- All new high-end stainless steel appliances
- Several value add opportunities
- Located among single family homes with low rental inventory
- Great location near quality employers, shopping, and recreation
Executive Summary
Shadowlawn is an attractive mix of two and three-bedroom patio homes in a quiet area that is very close to many high paying employers. It is conveniently located near major thoroughfares, providing residents a short drive to work, grocery shopping, and recreational activities.
Floor plans are spacious with all new stainless appliances and well-designed bathrooms. Each home has a backyard fenced all around for privacy to relax and grill with low maintenance turf grass for pets to roam freely.
There are value creation opportunities by adding amenities such as climate-controlled storage or play areas.
Built in 2022, Shadowlawn’s use of space and materials, quality finishes, backyards, and location makes it easy to attract and retain quality residents.
Floor plans are spacious with all new stainless appliances and well-designed bathrooms. Each home has a backyard fenced all around for privacy to relax and grill with low maintenance turf grass for pets to roam freely.
There are value creation opportunities by adding amenities such as climate-controlled storage or play areas.
Built in 2022, Shadowlawn’s use of space and materials, quality finishes, backyards, and location makes it easy to attract and retain quality residents.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,568,820 | Building Class | B |
| Price Per Unit | £130,735 | Lot Size | 1.38 AC |
| Sale Type | Investment | Building Size | 13,200 SF |
| Net Initial Yield | 8.43% | Average Occupancy | 100% |
| No. Units | 12 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 3.33/1,000 SF |
| Apartment Style | Garden |
| Price | £1,568,820 |
| Price Per Unit | £130,735 |
| Sale Type | Investment |
| Net Initial Yield | 8.43% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 13,200 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2022 |
| Parking Ratio | 3.33/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Freezer
- Island Kitchen
- Lawn
- Pantry
- Patio
- Smoke Free
- Window Coverings
Site Amenities
- Car Wash Area
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | £956.98 | 900 |
| 3+2 | 8 | £1,161 | 1,200 |
1 of 1
zoning
| Zoning Code | Multifamily |
| Multifamily |
-
Nathan Jagneaux - Batir REID LLC
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171-181 Southside St
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