The Real Estate Brokerage
Listed by The Real Estate Brokerage
$720,000
1480 Joe Miller Road
Details
APN 00007315
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 11,878
NOI $107,499
Year Built 2000
Buildings 10
Stories 1
Acreage 3.860
Multifamily
Marketing description
INVESTORS!! Priced under appraised value! Don’t miss out on this opportunity! This multi-tenant park is located in Moss Bluff! Property includes: 2 homes, 5 Mobile homes, 2 duplex (4doors), one trailer that is paying lot rent, along with 3 empty lots providing even more potential to grow income! State and Parish sewer permits are up to date, 3 mechanical systems and oxidation pond service the property. Public water, two meters on the property, tenants are charged water monthly. DEQ in good standing. At the current rates, with 100% occupancy property has an estimated CAP rate of 15-16% with potential of higher rent plus two more doors in the future!
Listing Contacts
The Real Estate Brokerage
Listed by The Real Estate Brokerage
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,499.00
$8,958.25/mo
Valuation Metrics
0
DSCR
14.93%
Cap Rate
14.93%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
