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$150,000
Est. payment /mo
1 Bed
1 Bath
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision Holmesville Sub
MLS Listing ID 20838880
Bedrooms 1
Full Baths 1
HOA Y/N None
Total Fin. Sqft 3335
Year Built 1940
Annual Tax Amount $646
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Multiple Single Units
Property Description
Investment Opportunity! 5-Plex Rental Property with Huge Potential! This 5-unit rental property is an incredible opportunity to add value and build long-term wealth. This is sold together with an 8-unit complex at 407 Stoner Ave that is priced separately at $250,000, totaling 13 Units for a sales price of $400,000. These multi-unit buildings are ready for completion to maximize their income potential. Some remodeling has already been started, but additional work is needed to bring these properties to full market potential. The 5 Plex has an estimated $75,000 in renovations needed, bringing the total investment to $225,000 and could yield a market value of approximately $300,000. Once fully rented, this 5 unit property has a potential annual revenue of $39,000. The 8 Plex has an estimated $100,000 in renovations needed, bringing the total investment of it to $350,000 and could yield a market value of approximately $450,000. Once fully rented, the 8 unit property has a potential annual revenue of $62,400. All together the sales price is $400,000 for 13 units, with $175,000 of estimated renovations needed, bringing the total investment of it to $575,000 yielding a potential market value of approximately $750,000. Once fully rented the 13 units have the potential annual revenue of $101,400 -a great return on investment! Whether you're a seasoned investor or looking to start your real estate portfolio, this is a rare chance to secure multi-unit rentals with built-in equity. Don't miss out!
Location
State LA
County Caddo
Direction GPS
Interior
Interior Features Other
Heating None
Cooling None
Flooring Wood
Appliance None
Heat Source None
Exterior
Utilities Available City Sewer, City Water
Roof Type Asphalt
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Wood
Schools
School District Caddo Psb
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20838880
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Listed by Christopher Holloway • Pinnacle Realty Advisors