JoinServicesInsightsAbout Us
USALANew RoadsCity of New Roads659 W Main St
659 W Main St, Home with 0 bedrooms, 0 bathrooms and 10 parking in New Roads LA | Image 1
Link Copied
$575,000

659 W Main St, New Roads, LA

Real Estate

For Sale

$--,---,---
0010
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12922 sqft
Garage No
Taxes 
Days Active 751
Lot Size 
Approx. Age 
Avg. Price Per Sqft $44
MLS® Number 2023020229

Property Address: 

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

Description

Located in the heart of historic downtown New Roads, feet away from False River, this 12-plex offers an unbeatable investment opportunity in one of the city’s most sought locations. With a strong Airbnb market, furnish/convert a unit and your guests can enjoy nearby boating, swimming, and fishing on a beautiful lake. Surrounded by unique homestyle restaurants, shopping, and waterfront homes, this rare property features four studio units, three 1 bed / 1 bath units, one 2 bed/1 bath unit, one 3 bed/2 bath unit, 2 office areas which could be converted into another efficiency and another 1 bed and a 5000 square foot empty Movie Theatre (value-add build out space for up to 9 additional units). Rent-roll shows units rented grossing $6000/month plus coinless laundry - well below market average and presenting strong upside potential. Whether you're looking for a cash flowing asset or a value-add opportunity with long-term appreciation potential, this property delivers both. With consistent rental income and room to elevate rents or enhance finishes, this is a rare chance to own a multifamily property in one of New Roads most desirable areas.Show Description
MLS® Number2023020229
Laundry Level
Central VacNo
FireplaceNo
Acreage0.42
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
HeatNone
A/CWindow Unit(s)
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing