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USALASulphur2505 Rhua Dr
2505 Rhua Dr, Condo with 0 bedrooms, 0 bathrooms and null parking in Sulphur LA | Image 1
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$1,275,000

2505 Rhua Dr, Sulphur, LA

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 158
Approx. Age 1988
MLS® Number SWL24007174

Property Address: 

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

Description

Seize this incredible opportunity to own a profitable 20-unit apartment complex in the Maplewood area of Sulphur, ideally situated close to I-10. This investment property boasts a strong cash flow with low vacancy rates, making it an attractive option for investors. Comprising five separate buildings, each unit within the complex offers 2 bedrooms and 1 bathroom with an open floor plan that appeals to tenants. The owner is responsible for water and trash expenses only, as all units are individually metered for electricity, enhancing cost efficiency. Post-hurricane updates include new roofs and extensive interior remodels across most units, featuring fresh paint and modern finishes that enhance tenant appeal. Located in flood zone X, investors benefit from no mandatory flood insurance, further reducing overhead costs. Currently, rents are set at $750 per unit per month, accumulating approximately $15, 000 in total monthly revenue when fully occupied. With two units presently undergoing preparations for new tenants and available for showing on short notice via lockbox, this complex is nearly at full capacity. Annual property taxes are an affordable $4, 032. The seller is presently NOT open to owner financing, paving the way for straightforward acquisition. With competitive pricing and strong income potential, this property is a must-see for serious investors. Act now to explore this excellent investment opportunity and consider making an offer on this high-demand rental property.Show Description
MLS® NumberSWL24007174
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelWasher Hookup, Electric Dryer Hookup, Inside
Exposure
Exterior
GarageNo
Approx. Age1988
Stories2
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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