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30246 Highway 21

19 Unit Block of Flats £509,145 (£26,797/Unit) 18.46% Net Initial Yield Angie, LA 70426

Executive Summary

Owner Financing Available! Investor Special! Potentially 13% cap rate! Amazing investment opportunity to own 19 efficiency apartments with tremendous ROI potential! Freshly painted, many of units have been updated, apartments rent for $600/m, call today for more info!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £65,797 £1.73
Other Income - -
Vacancy Loss - -
Effective Gross Income £65,797 £1.73
Taxes - -
Operating Expenses - -
Total Expenses £15,979 £0.42
Net Operating Income £49,818 £1.31

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £65,797
Annual Per SF £1.73
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £65,797
Annual Per SF £1.73
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £15,979
Annual Per SF £0.42
Net Operating Income
Annual £49,818
Annual Per SF £1.31

Property Facts

Price £509,145 Apartment Style Low Rise
Price Per Unit £26,797 Building Class C
Sale Type Investment Lot Size 1.00 AC
Net Initial Yield 18.46% Building Size 7,000 SF
Sale Conditions
1031 Exchange
  • Portfolio Sale
  • Tenants option to buy property
  • High Vacancy Property
 Average Occupancy 63%
No. Units 19 Number of Floors 2
Property Type Residential Year Built/Renovated 1975/2024
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Price £509,145
Price Per Unit £26,797
Sale Type Investment
Net Initial Yield 18.46%
Sale Conditions
1031 Exchange
  • Portfolio Sale
  • Tenants option to buy property
  • High Vacancy Property
No. Units 19
Property Type Residential
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 1.00 AC
Building Size 7,000 SF
Average Occupancy 63%
Number of Floors 2
Year Built/Renovated 1975/2024

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Oven
  • Wi-Fi
  • Freezer

Site Amenities

  • Laundry Facilities
  • Rubbish Collection - Kerbside
  • Community-Wide Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 19 £528.73 200 - 300
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PROPERTY TAXES

Parcel Number 077-0001750A Improvements Assessment £19,395
Land Assessment £783 Total Assessment £20,178

PROPERTY TAXES

Parcel Number
077-0001750A
Land Assessment
£783
Improvements Assessment
£19,395
Total Assessment
£20,178
(985) 205-5783

Contact

  • Ron Barden
    Ron Barden
  • Barden Realty

  • Listing ID: 33459906

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 30246 Highway 21, Angie, LA 70426

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30246 Highway 21
(985) 205-5783 x

30246 Highway 21

Ron Barden

(985) 205-5783

(985) 205-5783

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