EXIT Bayou Realty
Listed by EXIT Bayou Realty
$172,500
520 N 1st Street
Details
APN 0110031500B
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 2,500
NOI $26,200
Year Built 1970
Buildings 1
Acreage 0.560
Multifamily
Marketing description
Don't miss this excellent income-producing investment opportunity! This well-maintained brick 4-plex offers four 1-bedroom, 1-bathroom units, each thoughtfully designed with comfortable living spaces, functional kitchens, and spacious bedrooms that appeal to long-term tenants. Currently generating $2,400 per month in rental income and fully tenant-occupied, this property provides immediate cash flow from day one. The durable brick exterior offers timeless curb appeal and low-maintenance ownership, while the property's strong rental history demonstrates consistent demand and reliable returns. Conveniently located near local amenities, shopping, dining, and everyday conveniences, this multi-family property is well-positioned for continued occupancy and long-term appreciation. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this 4-plex presents an outstanding opportunity to own a proven asset with steady revenue potential. Property is cross-listed. Age of property is estimated. All measurements are more or less.
Listing Contacts
EXIT Bayou Realty
Listed by EXIT Bayou Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$26,200.00
$2,183.33/mo
Valuation Metrics
0
DSCR
15.19%
Cap Rate
15.19%
ROI
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