Listed by Property One Inc
$1,543,000
506 Water St
Details
Property Type Multifamily, Office
Sub Type Apartment Building
Square Footage 5,000
Units 15
Cap Rate 7.00%
NOI $107,956
Tenancy Multi
Price per SqFt $309
Class A
Year Built 1998
Year Renovated 2022
506 Water St, Madisonville, LA 70447
Marketing description
Introducing a prime investment opportunity at 506 Water St, Madisonville, LA, 70447. This impressive 5,000 SF building is tailored to meet the needs of discerning office or office building investors. A scenic location in this desirable market fits well with the executive office design of the building. This building has a strong history of occupancy.
This office is located in the Water St Office Building. This building faces the Tchefuncta River. There are many parking options nearby and there is minimal traffic down Water St because it is a one-way street.
Investment highlights
- 5,000 SF well maintained office building
- Frontage on the Tchefuncte River
- Executive Offices to fit multiple business uses
- Walkable location to nearby Madisonville businesses
- Strong history of occupancy
Listing Contacts
Listed by Property One Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$107,956.00
$8,996.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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