For Sale
 
Be Ready to Buy - Get Pre-Approved by a Lender Now Get Pre-Approved
By Andrew Bayard
|
Keller Williams Realty Red Stick Partners
For sale
.
Other
$799,000
Andrew Bayard
| 225-978-6646
Keller Williams Realty Red Stick Partners
Request a private showing
MLS# 2020014687

Home Details

Investor Alert! Come check out this 9 unit property in Central. Fully occupied with leases in place and great return! The property is fully fenced, major capital improvements over the previous year include new roofing, ACs, flooring, paint, fixtures, plumbing and most electrical! The first home is a 2BR/2Ba house rented for $1400/month with a 2 year lease in place. Next is a 2BR/2Ba single wide rented for $1100/month with a 2 year lease in place. Next is a 3BR/2Ba triple wide with a one year lease at $1400/month. The next unit is a 4plex with 3 units consisting of 1BR/1Ba and one 2BR/1Ba unit. These rent for $800 per unit & $1100 per month for the 2BR/1Ba unit. The final unit is a duplex consisting of 2 units both 1BR/1Ba and rented for $800/month. Total monthly rental income is $9000/month. The owner pays utilities on the 4plex and the duplex. Most of the tenants are long term retired tenants on social security or fixed income. Owner made major capital improvements to create a much more manageable complex. Utility expense is about $500/month for the duplex and 4plex. Property taxes are around $1800/year and insurance is about $4200/year. Net income is $86,400.

Features of this property

Current List Price: $799,000
Post Date: 2020-09-17
Address: 18819 Greenwell Springs Rd
MLS #: 2020014687
Andrew Bayard
225-978-6646
Keller Williams Realty Red Stick Partners
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