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Latonia Riggs

info@evolverealtyco.com +1(337) 230-7450

$ 349,000

Est. payment | -/mo

8 Beds

8 Baths

3,224 SqFt

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$ 349,000

Est. payment | -/mo

Save

8 Beds

8 Baths

3,224 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,224 sqft

Price per Sqft $108

Subdivision Bridgetowne

MLS Listing ID 2600006456

Bedrooms 8

Full Baths 4

Lot Size 0.620 Acres

Property Sub-Type Multi Family

Property Description

2 fully occupied and separately-metered multifamily properties in Breaux Bridge! This property is priced $26,000 below the $375,000 appraisal. The 4-plex features four 806-square-foot units, totaling 3,224 square feet, while the triplex features three 810-square-foot units, totaling 2,437 square feet. Each unit is separately metered for electricity and water, helping reduce owner-paid utility expenses and maximize cash flow. The property is currently generating $4,750 per month every month in gross rental income, with all 7 units leased. The triplex features rents of $550, $700, and $600 per month and is equipped with window A/C units, while the 4-plex features central HVAC systems and current rents of $750, $700, $700, and $750 per month. Tenants enjoy ample off-street parking with a large gravel parking lot. Major capital improvements include both roofs being less than 5 years old, while the A/C systems, plumbing, and electrical have been updated as needed. An additional lot at the rear of the property offers future development potential, providing an opportunity to add even more value. The owner currently pays for trash service and lawn care. Lawn maintenance is approximately $125 every two weeks for regular mowing or $250 every two weeks when including weed treatment. Annual property taxes are approximately $1,184.50, and insurance is currently approximately $4,000 per year. Property is being sold as-is, making this an excellent opportunity for investors looking to expand their portfolio with a cash-flowing asset and future upside potential.

Location

State LA

County St. Martin

Direction From Grand Point Highway (LA-347), turn east onto Caliste Olivier Road. Property is on the right.

Interior

Heating Central, Wall Furnace, Heat Unit(s)

Cooling Central Air, Window Unit(s), AC Unit(s)

Flooring Laminate

Appliance Refrigerator, Electric Range, Electric Cooktop

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Lighting

Fence Chain Link, Partial, Wood

Roof Type Composition

Garage false

Building

Lot Description Additional Land Avai, Level, No Outlet Street, Views

Story 2

Foundation Slab

Sewer Septic Tank

Schools

Elementary Schools Breaux Bridge

Middle Schools Breaux Bridge Jr High

High Schools Breaux Bridge

Listed by Keaty Real Estate Team

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(337) 230-7450

info@evolverealtyco.com

121 Leonie St, Lafayette, LA 70506, USA

1004-1008 Marco Jackson DR Breaux Bridge, LA 70517

Latonia Riggs

Key Details

Location

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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1004-1008 Marco Jackson DR