$555,000
$565,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,544 SqFt
SOLD DATE : 01/10/2025
Key Details
Sold Price $555,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,544 sqft
Price per Sqft $156
Subdivision Second Mouton
MLS Listing ID 24007027
Sold Date 01/10/25
Bedrooms 8
Full Baths 4
Lot Size 5187.500 Acres
Acres 0.1191
Property Sub-Type Multi Family
Property Description
*Tenant occupied property. Accepted offer/proof of funds required prior to showings. 48 notice required* *Ask about creative financing, 30%-40% owner finance/cash back option*Discover a prime investment opportunity with this 6-unit multi-family property in Freetown, perfectly situated within walking distance of the university. Each 2-bedroom, 1-bathroom, 886 sqft unit has been tastefully refreshed with laminate flooring, fresh paint, and more. Currently 100% occupied with tenants responsible for all utilities, this property generates an average rent of approximately $825 per unit, with potential for increases upon renewal. The owner is only responsible for taxes and insurance, making this a fantastic turnkey investment in a high-demand rental area.
Location
State LA
Zoning MN-1
Interior
Interior Features Ceiling Fan(s), Unit 1(Dining Room), Unit 2(Dining Room), Unit 3(Dining Room), Unit 4(Dining Room)
Heating Central, Electric, Heat Unit(s)
Cooling Central Air, AC Unit(s)
Flooring Laminate, Other
Appliance Electric Range, Refrigerator, Electric Cooktop
Exterior
Parking Features Assigned
Garage Spaces 13.0
Utilities Available Cable Available
Roof Type Other
Total Parking Spaces 13
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 2
Schools
Elementary Schools Woodvale
Middle Schools L J Alleman
High Schools Lafayette
Others
Tax ID 6054633
Acceptable Financing 1031 Exchange, Cash, Conventional, Other, Private Financing Available
Listing Terms 1031 Exchange, Cash, Conventional, Other, Private Financing Available
Special Listing Condition Arms Length
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