6289 Hwy 70 N Highway

    Belle Rose, LA 70341
    • $1,530,000
    • STATUS: Active
    • ON SITE: 97 days
    • MLS #: 2149649
    UPDATED: 58 min ago
    $1,530,000
    • 0
      BEDS
    • 1.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    2003
    County:
    Area:

    School Ratings & Info

    Description

    3 apts rent for $22,800/ year. 54 climate controlled storage units @ $100/mo, 28 storage units at $80/mo. 26 storage units at $50/mo. 80% occupancy units rented for $81,180 year. Mechanic's shop and a list of equipment are included. Storage units and apartments have NEVER FLOODED. Potential rent could be, 20% increase on rental units=$97,416 + 3 apartments= $22,800 + efficiency/office = $6000 and Mechanics shop for $21,600= $147,816 or 8.7 %cap rate. Owner will finance 80% @ 3.5% for 30 years = $5497/mo

    Monthly Payment Calculator



    Each office is independently owned and operated. Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-07-18T09:35:12.66.
    www.localnorthshorerealestate.com/homes/82500316

    6289 Hwy 70 N Highway Belle Rose, LA 70341

    • Price: $1,530,000
    • Status: Active
    • Updated: 58 min ago
    • MLS #: 2149649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.5
    Acres
    2003
    Built
    County:
    Other
    Area:
    Belle Rose
    Property Description
    3 apts rent for $22,800/ year. 54 climate controlled storage units @ $100/mo, 28 storage units at $80/mo. 26 storage units at $50/mo. 80% occupancy units rented for $81,180 year. Mechanic's shop and a list of equipment are included. Storage units and apartments have NEVER FLOODED. Potential rent could be, 20% increase on rental units=$97,416 + 3 apartments= $22,800 + efficiency/office = $6000 and Mechanics shop for $21,600= $147,816 or 8.7 %cap rate. Owner will finance 80% @ 3.5% for 30 years = $5497/mo
    Exterior Features

    Car Storage Three Or MoreOff Street Parking Dock Available YN No Lot Description Gated CommunityIrregular Lot Size 100X400x100x215

    Interior Features

    Living Quarters YN Yes Room Count 8 Rooms Bedroom (Upper Level) Bedroom (Upper Level) Bathroom (Upper Level) Bedroom (Upper Level) Bathroom (Upper Level) Bathroom (Upper Level) Bedroom (Upper Level) Bathroom (Upper Level)

    Property Features

    Ada Features YN No Age Description Resale Age Description2 None Bounding Streets Highway 308 Building Type Commercial/ResidentialOtherWarehouse City Limit YN Yes Electricity Provided By Cleco Elevation Cert Available No Gas Type None Lease Purchase Poss YN No Neighborhood Sugarfield Storage Owner May Finance YN Yes Sewer Type Septic Sold As Is WOR Yes Sold With Covenants Restrictions No Termite Contract No Third Party Reo Neither Total Area 61500 Total Rental Income 9165 Water Type Well Zoning C/R

    Listing Courtesy of Gulf South Real Estate Information Network.


    Each office is independently owned and operated. Broker and Associates are licensed in the State of Louisiana, USA.
    Turner Real Estate Group || (985) 626-1313 || Mandeville, LA.

    Terms & Conditions
    Listings Courtesy of Gulf South Real Estate Information Network. © 2018, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. Data last updated: 2018-07-18T09:35:12.66.
     
    Turner Real Estate Group
    111 N Causeway Blvd, Suite 101
    Mandeville LA, 70448