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Key Facts

Type Apartment
Levels Residential Income
Size 26400 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 498
Approx. Age 1984
Avg. Price Per Sqft $94
MLS® Number 2432818

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

SELLER FINANCING OFFERED 5% INTEREST RATE! 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 condo’d. 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.Show Description
MLS® Number2432818
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorBalcony, Courtyard, Fence, Tennis Courts
GarageNo
Approx. Age1984
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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