The Study
Multifamily | 10 Units | $70,000/unit
Marketing description
Property Overview
This property is a two story 10 unit apartment complex in the middle of Tigerland. All the units are the same; approximately 400 sf studios. They all have kitchen cabinets, a stove, a fridge, and a window unit. They are open space with a closet and a private bathroom. The tenants are referred and subsidized by two special programs. The leases are 12 month leases and the rents are direct deposited. Contact us for more information.
Location Overview
Tigerland is a well known multifamily community right next to the LSU golf course (A potential location for the new sports arena). As you enter Tigerland, you are greeted by the popular student nightlife bar scene like Fred's Bar and Grill, Mike's and The House. Tigerland was once the premier student housing area of choice, and we believe that with the new LSU Sports Arena, those days can come back.
Investment highlights
Property Highlights
10 Units in Tigerland near the new proposed LSU Sports Arena
Unique contracts generating $1,063 to $1,200 per unit/per month
Remodeled units
Annual Potential Gross Rental Income $127,560
Annual Operating Expenses Approx $40,000
70% occupied and will get to 100% soon
Low maintenance shotgun style two story building
Opportunity for a land play due to the proposed LSU Sports Arena
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