Description
SELLER FINANCING OFFERED. 100% occupied 24-unit multi-family property located in Harvey, LA. This well-maintained 24-unit complex consists of a mix of 2 bed 1.5 bath units and 2 bed 2 bath units and includes 4 parcels of vacant land to build additional units. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo. Each unit is condod. Harvey is a highly desirable market for both renters and investors alike. Multifamily properties in Harvey generally experience lower turnover and rent out extremely quick and 4289-93 Lac St. Pierre Drive is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, tennis court, washer & dryers in each unit, and ample parking for tenants. Our insurance broker advised it was only $400-500 additionally on the GL policy per year to insure the pool. In sum, 4289-93 Lac St. Pierre Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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26,400SQFT
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$95$/SQFT
School Ratings & Info
Description
SELLER FINANCING OFFERED. 100% occupied 24-unit multi-family property located in Harvey, LA. This well-maintained 24-unit complex consists of a mix of 2 bed 1.5 bath units and 2 bed 2 bath units and includes 4 parcels of vacant land to build additional units. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo. Each unit is condod. Harvey is a highly desirable market for both renters and investors alike. Multifamily properties in Harvey generally experience lower turnover and rent out extremely quick and 4289-93 Lac St. Pierre Drive is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, tennis court, washer & dryers in each unit, and ample parking for tenants. Our insurance broker advised it was only $400-500 additionally on the GL policy per year to insure the pool. In sum, 4289-93 Lac St. Pierre Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
Broker and Associates are licensed in the State of Louisiana, USA.
eXp Realty || 985-626-1313 || New Orleans, LA.
Terms & Conditions
© 2024 Gulf South Real Estate Information Network. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated: 2024-10-08T19:35:03.533.
Listing courtesy of Gulf South Real Estate Information Network.