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32851038
32850993

46434 Lee Hughes Road, Hammond, LA 70401

SM
LA 912124506
Elite Real Estate Advisors
Listed by Elite Real Estate Advisors
$2,150,000
15 days on market
Updated 15 days ago

46434 Lee Hughes Road

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,513
Cap Rate 7.00%
Occupancy 100%
Rent Bumps No
Year Built 1998
Buildings 3
Acreage 1.850

24-Unit Fully Occupied Multifamily Investment Opportunity in the Heart of Hammond, Louisiana | Stron

Marketing description

Located in the heart of Hammond, Westview Village Apartments at 46434 W. Lee Hughes Road presents an outstanding multifamily investment opportunity featuring 24 fully occupied units, each offering 2 bedrooms and 1 bathroom. Situated on approximately 1.85 acres, this well-maintained complex consists of three buildings constructed on concrete slabs with attractive brick and vinyl siding exteriors. The asphalt shingle roofs were replaced approximately three years ago, providing added value and peace of mind for future ownership. The property offers desirable tenant amenities including an on-site coin-operated laundry facility and eight additional storage units currently utilized by ownership, creating potential for additional rental income. A large concrete parking area provides convenient access and ample parking for residents and guests alike. Utilities include parish water service with a single master meter, a septic sewer system, and there is an office space available for ownership as well. Westview Village benefits from a highly convenient location just minutes from Interstate 55 and Interstate 12, allowing easy commutes to both Baton Rouge and New Orleans. The property is also located near Southeastern Louisiana University, local schools, shopping, restaurants, medical facilities, parks, and numerous everyday conveniences, making it highly attractive to tenants. With strong occupancy, a stable tenant base, and opportunities for increased revenue, Westview Village offers investors a reliable income-producing asset in one of Tangipahoa Parish’s most desirable rental markets.

Investment highlights

  • 24 fully occupied units featuring 2BR/1BA floor plans
  • Strong in-place cash flow with a 7% CAP rate
  • Located in the growing Hammond rental market
  • Three well-maintained buildings on approximately 1.85 acres
  • Brick and vinyl siding exteriors with concrete slab construction
  • Roofs replaced approximately three years ago
  • Large concrete parking area with ample resident parking
  • On-site coin-operated laundry facility for additional income
  • Eight additional storage units offering future revenue potential
  • Office space available for on-site management or ownership use
  • Convenient access to Interstate 55 and Interstate 12
  • Minutes from Southeastern Louisiana University, shopping, dining, and medical facilities
  • Stable tenant base with long-term investment upside

Listing Contacts

SM
LA 912124506
Elite Real Estate Advisors
Listed by Elite Real Estate Advisors

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Additional Information

Name
Sergio Mesa
License
912124506
Brokerage
Elite Real Estate Advisors
Brokerage Phone
985-542-7601
Title
Broker Salesperson
Brokerage Address
14454 West University Avenue
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