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28926833
28926839

2304 Fasske St, Sulphur, LA 70663

One Way Realty LLC
Listed by One Way Realty LLC
$550,000
170 days on market
Updated 112 days ago

2304 Fasske

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,600
Net Rentable (SqFt) 7,600
Units 10
Occupancy 90%
Price per SqFt $72
Broker Co-Op No
Year Built 1982
Buildings 1
Stories 2
Lot Size (SqFt) 0.37
Parking Spaces 24 spaces
Parking Per SqFt 3.16
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange

Multifamily | 10 Units | $55,000/unit

Marketing description

2304 Fasske St This property was purchased in February 2021 and consists of 10-640sqft units. The following improvements have been made over the last 5 years: • All outdoor A/C condensers have been replaced. • 8 out of 10 indoor A/C air handlers have been replaced. • 8 out of 10 units have been renovated/updated with new flooring, paint, cabinets where needed, and ceiling paint and texture. The two that haven’t have long term tenants in them and they maintain their units well and do not need any work. • Electrical for the entire building has been updated from federal pacific to GE. • New roof in 2020. • New wood fence in 2024. There is space on the north end to add two more units, a wash room, or a storage building. The average occupancy rate has been 90% since purchase.

Investment Opportunity! Owner/Agent. All measurements are more/less.

Investment highlights

2304 Fasske St This property was purchased in February 2021 and consists of 10-640sqft units. The following improvements have been made over the last 5 years: • All outdoor A/C condensers have been replaced. • 8 out of 10 indoor A/C air handlers have been replaced. • 8 out of 10 units have been renovated/updated with new flooring, paint, cabinets where needed, and ceiling paint and texture. The two that haven’t have long term tenants in them and they maintain their units well and do not need any work. • Electrical for the entire building has been updated from federal pacific to GE. • New roof in 2020. • New wood fence in 2024. There is space on the north end to add two more units, a wash room, or a storage building. The average occupancy rate has been 90% since purchase.Investment Opportunity! Owner/Agent. All measurements are more/less.

Listing Contacts

One Way Realty LLC
Listed by One Way Realty LLC

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