98% Occupied Apartment Complex
Seller Financing, 5.00% interest rate, $850k down
Marketing description
Introducing 4289-93 Lac St. Pierre Drive, a multi-family property located in Harvey, LA. This well-maintained 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.
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. 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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