
Listed by Coldwell Banker Commercial Ingle Safari Realty
$3,200,000
703 Mallard St Street
Details
APN 0220062350
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Cap Rate 12.00%
NOI $384,349
Year Built 1980
Buildings 31
Acreage 8.460
Parking Spaces 122 spaces
Multifamily | 12.00% CAP
Marketing description
Prime investment opportunity in Kinder near the Coushatta Casino featuring a 61-unit apartment complex with strong income and proven cash flow. The property consists of 32 brick-on-slab duplex-style buildings, including 6 one-bedroom units, 46 two-bedroom units, 8 three-bedroom units, and one 2-bedroom house. All units have one full bathroom, a full kitchen, living room, and separate bedrooms—designed for tenant comfort and ease of maintenance. With shingle roofs and two dedicated parking spaces per unit, this complex benefits from low maintenance costs and excellent tenant convenience. The property maintains high occupancy rates, generating consistent revenue with low operating expenses, resulting in a high cap rate and attractive return on investment. Ideal for investors seeking a stable, turnkey multifamily asset in a growing market with strong rental demand. Don’t miss this opportunity to add a high-performing portfolio to your investment holdings. Most units are occupied so need 24 hour notice for showings.
Listing Contacts

Listed by Coldwell Banker Commercial Ingle Safari Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$384,349.00
$32,029.08/mo
Valuation Metrics
0
DSCR
12.01%
Cap Rate
12.01%
ROI
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