Louisiana Multi-Family For Sale

For sale at an attractive CAP rate of 11.4% is a great investment opportunity in a solid rental market. Located in Jennings, LA is a 26 lot mobile home park on over 4 acres and access to city utilities such as water, sewer and electricity. There are a total of 21 park owned homes ranging in age and rental income and 5 rental lots (2 of which are for RV/campers). The park is currently located directly South and adjacent to the new Jennings Elementary School site that has undergone financing and design approvals. The footprint of the park is small with room for expansion on the exisiting 4 acres. Please sign attached Confidentiality Agreement and send to cshepard@latterblum.com to receive full Offering Memorandum and park financials.

Fully leased duplex apartment building. Unit mix is two 3 bedroom and 2 bathroom units. Each apartment is currently leased at $700 monthly. Owner pays water/sewer. No showings allowed until receipt of acceptable offer. Make all offers subject to inspections. Do not disturb tenants.

Well maintained four-unit apartment building on fenced gated lot. This property remains fully occupied with 2 tenants having been residents for several years. Roof replaced and some renovations in 2015. No flood insurance required. Minutes from LSU, LaBerge Casino, retail and professional services. Averages $30,000 annual income with 22% average annual expenses. Currently professionally managed. Landlord pays water witch averages $240 monthly for the entire building. Tenant pays all other utilities. Seller is a licensed Realtor in Louisiana.

Two-story, multi-family apartment building comprising of two brick facade buildings in a U-shape. Currently configured as 18 - 1 bed, 1 bath, 475 SF Units. The building is approximately 8,740 SF and sits on 10,200 SF of land as per Assessor. 85' of frontage along Tchoupitoulas and 120' lot depth. Onsite coin-operated laundry room measures approximately 190 SF. New walkways, iron-work, fencing, remote-operated gate with rear parking have been recently installed. Units can be reconfigured into 6 - 2 Bed, 2 Bath, and 6 - 1 Bed w/t Laundry Hook-ups "for sale" as Condos or left as 1 Bed rentals with Short Term Rental Options. Ample space to add such amenities as a sauna, hot tub, and a small gym. Other zoning permitted redevelopment opportunities are B&B, Group Home, Permanent Supportive Housing, Short Term Rental, Micro-Office/Artist Studio. Conditional uses are a Hostel or Hotel/Motel. Perfect for a 1031 exchange, a must-see property.

Fully Leased Quadplex Available For Sale; all units are 2BR/1.5Ba; TH style units each measuring +/- 1,100 SF; current rents range between $700-725/month; each unit features washer/dryer connections, some units feature granite counter tops and stainless steel appliances, all units feature ceramic tile and a wet bar on the first floor of each unit; all utilities are individually metered for water/sewer/trash and electric; tenants are responsible for all utilities. Perfect starter investment opportunity!

PRIME IRISH CHANNEL LOCATION! Reliable Income Producer -Fully Rented All Year Long. 1 block off Magazine St & Ground Zero for St. Patrick's Day Parade and Tracey's Block Party. In X flood zone. All units have Hard Wood Floors, Tall Ceilings/Fans, Medallions. Some units with Balconies, Exposed Brick/Fireplace Mantles, Walk-in Closets. Coin op laundry onsite. Curb cut each side for 2 parking spots. Extensive Foundation work recently completed.ALL REASONABLE OFFERS CONSIDERED>

For Sale is a great 49 lot Mobile Home Park in a high demand area just minutes from Lafayette in a quiet rural setting. The park takes in nearly $19,000 per month. PRI is $20,650. Tenants pay electricity (Slemco) and grass cutting. Water is on a water well system and sewer is on an oxidation pond. The park is clean with good tenants and it stays quiet. The roads are crushed concrete and maintained regularly. There is an onsite manager that lives in a mobile home and is paid monthly to collect rents, pay bills and coordinate repairs and grass cutting when required. This is a great mobile home park to add to the investor's portfolio. There are 17 Homes on Rent to Own terms, 17 lot rentals at $250/month, 13 Park Owned homes & 2 nice cottage style homes located at the front right of the property all included.

Located at the corner of University Walk and N 5th St in Downtown Baton Rouge. This quiet, downtown apartment complex sits just a few blocks from the State Capitol building in the historic Spanish Town neighborhood. The 10-unit building totals 8,540 square feet and is two stories. Eight of the units are 2 bed / 1 bath, and two units are 1 bed / 1 bath. Street parking is available along University Walk and N 5th Street, but the property also contains a small parking lot with ±10 spaces. The building is configured so that all units open to the interior of the property around the central courtyard. The property is fenced and gated and could easily be upgraded for secure entry. The grounds are beautifully landscaped both to enhance the appearance of the complex, but also to add to its privacy. While on the property, the configuration and landscaping combine to bring down noise levels and create a tranquil atmosphere. Spanish Town, established in 1805 as Baton Rouge's oldest neighborhood, reflects the colorful, changing heritage and development of Louisiana's capital. Created in 1974 by residents in order to develop, preserve, and protect the "unique character" of Spanish Town, the HSTCA has been in continuous existence, perpetuating the pulse of the neighborhood. In 1978 the HSTCA had the neighborhood designated as the "Spanish Town Historic District" and recognized on the U.S. Department of the Interior's National Register of Historic Places. In 2008 the HSTCA obtained designation as the "Spanish Town Local Historical District" along with Design Guidelines to maintain, preserve, and enhance the architectural character of the neighborhood.

Located in the Garden District in the Rittiner Terrace subdivision. Near the corner of Rittiner Dr and Myrtle Ave. With a great location in the Garden District and just a few blocks from Government Street in Mid City this multifamily property has strong rental appeal. It is located in a historically strong rental market near the corner of Rittiner Dr and Myrtle Ave. The building has completely updated kitchens in all units and is currently 75% occupied. It is two stories and ±3,600 SF in total size. All units are 2 bed / 1 bath and there is ample parking for tenants in the rear limestone parking lot.

Located in the Garden District area, blocks away from Government Street. This is a historically strong and safe rental market. This is a perfect opportunity to purchase a revenue generating property in the Garden District. This 4 unit building is approximately 3,682 square feet and located on Rittiner Drive just 4 blocks from Government Street. With close proximity to St. Joseph’s Academy and Catholic High in a historically strong and safe rental market, this is a phenomenal opportunity to acquire your first multi-family rental property or an excellent addition to your investment portfolio.

Conveniently located a few hundred feet off of Hwy 44 (N Burnside Ave) and just north of where Hwy 44 intersects with Airline Hwy, this complex is less than a mile from planet fitness, a movie theater, a bowling alley, Walgreens, CVS, and a whole host of shopping, dining, and entertainment options. The closest major grocery stores, Rouses and Walmart Supercenter, are a short 5 minute drive from the complex. This apartment complex lies within the highly regarded Ascension Parish School District and the specific school zones are G. W. Carver Primary School, Gonzales Middle School, and East Ascension High School. Ascension Townhomes, located in the fastest growing parish in the state, is now available for sale. This 48-unit complex is an excellent opportunity with potential upgrades available for the future owner to increase rents and keep expenses low. The complex is located less than a mile from Airline Hwy and sits near a Planet Fitness, a movie theater, a bowling alley, and other retail centers. With strong historical occupancy and below-market rents, Ascension Townhomes provides an appealing investment opportunity in Ascension Parish.

Located at the corner of Earl Gros Ave and Jay Hebert Dr in the Tigerland Acres subdivision. This multifamily fourplex, located in Tigerland just south of LSU's campus, is 100% occupied and would be an excellent revenue-generating addition to an investor's portfolio. The current owner has made upgrades to the interiors of the units and has maintained the property well. Three of the four AC units for the property are new. The property also has additional security upgrades including door locks with tenant-specific key codes and floodlights that automatically turn on at dusk. The property, and the entire Tigerland area, has strong historical occupancy rates of primarily students and young families. No showings without an accepted Purchase Agreement.

Perfectly situated just a short two mile drive from Louisiana State University, this portfolio consists of multifamily housing geared toward university students. The portfolio of properties are off of Brightside Drive which contains a mixture of single family neighborhoods, multifamily housing, and commercial developments. The subject portfolio is just one mile away from the new Arlington Marketplace development anchored by Rouses Supermarket along with a number of small restaurants, fitness centers, and coffee shops. This portfolio of apartments totaling 20 units is comprised of 60 bedrooms and boasts consistent, immediate cash flow. The property is located just minutes from Louisiana State University and has historically achieved high occupancy with a tenant base primarily made of LSU students. Consisting of seven duplexes, one fourplex, and two condominium units on Brightside View Drive, this portfolio has little to no deferred maintenance and would be an incredible opportunity for an investor looking to generate profit with minimal upfront work. The portfolio has a diversified unit mix ranging from two-bedroom to four-bedroom units to appeal to any tenant's needs. Please view our Marketing Brochure for more information. Portfolio being sold as a package deal. Property walk-throughs and inspections will be available upon an accepted purchase agreement. Virtual Tour (Photos): https://players.cupix.com/p/cDgbx8lU

TWO INCREDIBLE RENTAL INVESTMENT TOWNHOUSES. The total monthly income is $1,500.00. At the 1% rule they should be priced at $150,000.00 but can be purchased for $104,200.00 Both AH/CA. Both have the same floorplan. Carpet only on stairs. Upstairs has faux wood laminate flooring. Both have large upstairs bedrooms and lots of closet space. Downstairs features large living and dining rooms with kitchens that have lots of counter and cabinet space. Downstairs has a half bath, separate laundry room, front porch, covered back porch and private shaded backyards. Unit #11 is available for viewing.

7 unit (can be reverted back to an 8 unit) two-story apartment complex located on N. Rampart St. & Toulouse St. Apartments are in like new condition and feature stainless steel appliances, ample closest space, crown molding, central A/C and stacked washer/dryer units. Building has 8 off-street parking spots located on the property. - Unit 608 is one bed/one bath and is approximately 576 SF - Unit 610 A is one bed/one bath and is approximately 721 SF - Unit 610 B is two bed/one bath and is approximately 770 SF - Unit 610 C is two bed/one bath with large patio overlooking Rampart St. and is approximately 1,004 SF - Unit 610 D&E is owner occupied and was turned into one large suite with large patio space overlooking Rampart St., as well as a rear balcony, and is approximately 1,809 SF - Unit 610 F is one bed/one bath and is approximately 777 SF - Unit 612 is two bed/one bath and is approximately 944 SF - Owner renovated Unit 610 D&E to feature: - Tiger eye maple floors throughout - Vaulted ceilings in living room - Gourmet kitchen o Top of the line SS appliances with grill o Restaurant quality exhaust fan on the roof for no noise & no smoke or odors o Massive island with seamless granite along with countertops o Walk-in pantry o Laundry closet with platinum stacked washer/dryer - Second bedroom can be closed off for guest suite or left open for using the guest bath - Master suite is very private and can be closed off from rest of the apartment with a private entrance o Sitting or office area o Large, private marble bathroom with double sinks and large walk-in shower; has two large closets in bath entry way o Main closet is walk-in with 12 foot ceiling and three layers of pull-down racks; built in shoe racks, shelves and drawers. o Also has a small fridge - Front and rear balconies

Located on E State St between Highland Rd and Dalrymple Dr. Located at the Northgates of LSU and just a short walk from several popular restaurants and retailers, this multifamily portfolio provides a perfect opportunity to acquire a multifamily asset. This portfolio contains 20 units in 4 separate buildings, with a mix of one and two bedroom units. The tenant base is primarily students, and two of the units are currently being used as Airbnb rentals. Little to no deferred maintenance, a low expense to income ratio, and strong historical occupancy make this property portfolio a desirable opportunity for potential investors. The 8-unit property (149 E State St) is also listed individually for sale.

Investor Package of 14 single family homes located in various areas of Lafayette but all in close proximity to each other. Current annual gross income of $104,220. These properties are currently 100% occupied with several long term tenants. 14% cap rate at current occupancies! Opportunity to quickly expand your current rental portfolio or start your real estate investment career with income producing properties. Property addresses are as follows, 111, 114 , 206 Chester, 214, 224, 228 N Pine, 220 Clifford, 817 12th Street, 101 Dolese, 303, 321 Sonny, 127 Ambroise, 203 Ile De Copales, 231 Dear St. Please do not disturb tenants. Income and expense sheet can be provided upon request. No property walk thrus or inspections until approved offer and bank letter received. See attached in documents options of division of properties that are available

FANTASTIC OPPORTUNITY!! Sitting on 4 acres on Bayou Teche in Patterson La, this property is very unique to the potential investor. Not only does it have 6 separate rental houses and 1 duplex all 100% occupied, it boast 500' of commercial dockside space and wharf, a dock side crane and 220 & 480 3 phase shore power. It also has a 1,500 sq. ft. wood shop fully stocked with wood and tools, a 30' X 180' ft enclosed warehouse with machine shop equipment and 60' X 150' partially enclosed warehouse and a 1,800 sq. ft. shop. This property boast 35,993 of rentable sq. ft. A little history on the property. It was originally the Patterson Shrimp Company. The current owner purchased the property in 1997 and has since converted the shrimp plant office into their home with amble parking and storage. More... It has 3,136 sq. ft. of living space with 3200 sq. ft. of enclosed parking and storage. 3 bedroom and 2 full baths and 2 central air and heat units. They also converted the ice house into a 1344 sq. ft. home and a metal building into a 1600 sq. ft. home. Each with 2 bedrooms and 1 bath and central air and heat. All existing homes were rewired, plumbed and had insulated windows and new metal roofs added. Repairs to storage and warehouse include new roof. This property has been kept repaired and updated since 1997. Each home on the property is different. House A is 1,330 sq. ft. 3 bedroom 1.5 brick home with central air & heat, House B is 1,140 sq. ft. 3 bedroom 1 bath shingled home with window units, House G is a 1,582 sq. ft. sided home with 3 bedrooms 2 baths central air and heat and fenced backyard. The duplex is 2 bedrooms 1 bath with 700 sq. ft. per unit, fully furnished with central air and heat. Please visit the St. Mary Parish Accessors site to confirm information. Also visit www.R-and-R.net for more information on the dockside property. Possibly 1 acre adjacent lot available for sale. This diverse business truly is a once in a lifetime opportunity.

Wyoming St runs parallel to Nicholson Dr near the north border of LSU's Campus. This property is located at the southern end of Wyoming St at the corner of Wyoming and W Chimes St. Situated in the heart of the recently revitalized Nicholson Gateway Corridor, this 22-unit complex presents an excellent opportunity to acquire a multifamily asset adjacent to LSU. Each two bed, one bath unit features recently updated interiors and overlooks a beautiful courtyard with a pool. Take advantage of an opportunity to acquire a revenue generating asset next to a campus of 25,000 students.

Located on E State St between Highland Rd and Dalrymple Dr. Located at the Northgates of LSU and just a short walk from several popular restaurants and retailers, this multifamily portfolio provides a perfect opportunity to acquire a multifamily asset. This property is made up of 8 units - the property contains 4 units upstairs and 4 units downstairs. All units are 1 bedroom/1 bathroom units. Currently there is one vacancy at the property. Little to no deferred maintenance, a low expense to income ratio, and strong historical occupancy make this property portfolio a desirable opportunity for potential investors.

Located between Plank Rd and N Foster Dr in Baton Rouge, LA.

Standalone corner property located in Metairie - one block from Severn Way. Owner-financing terms available on this retail/multifamily property in Metairie. Includes long-term grocery tenant in the 2250 SF first floor space and four 550-SF apartments on the second floor. Gross annual income of $67,500 with net income of $60,000. See attachment for terms of owner financing - 4.5% at 20-year amortization with 20% down. Apartments consist of (2) 1 bedroom and (2) 2 bedroom. Potential for increased rents. Tenants have been in place for several years.

This property is on E. State St. near the intersection of Highland Rd. Part of the North Gate neighborhood steps away from LSU's campus. Rare redevelopment opportunity near LSU. Located in a brand new Opportunity Zone. This property is located steps away from LSU's campus as part of the thriving North Gates neighborhood. Units in need of total rehab or tear down with a majority of the value in the land and location. Currently four apartment buildings with a mix of studio and larger units. Perfectly positioned for student housing and would be an excellent site to tear down the existing structures and build brand new facilities. Opportunity Zone location results in multiple investor benefits.

Florida Blvd to Marque Anne to Robbie Fully leased duplex apartment building in good condition. One 2 br 1 bath unit and one 3 br 2 bath unit. Long term tenants in place. Landlord pays water/sewer. Rents are $867 & $700.

Highway 1 at Dixie Blanchard Road, just northwest of new I-49 interchange Commercial Acreage and Mobile Home Park Available For Sale

Donmoor to Monet Property consists of two 8 unit apartment buildings. To be sold as a package with 1042 Monet. All units are professionally managed 1 bedroom 1 bath. Rents average $450 per month per apartment. Most units were renovated in 2014.

Located on Jasper Avenue. Multifamily residential building with 4, 2 bedroom 1.5 bathroom units available for sale in the Gardere area. Building needs work, but is equipped with a new 30 year roof. Great opportunity for entry level or seasoned commercial real estate investor to obtain a high rate of return with low start up capital. Neighborhood rent for comparable units are in the $700-$900/month range.

Close proximity to I-110, Hwy. 90 and Baton Rouge Airport (BTR) offering easy access to area employment and amenities. Subject property is located minutes from CBD, Southern University, Baton Rouge Community College (BRCC) and Louisiana State University (LSU). The property is being offered as a Note Sale via www.Ten-X.com. Opening bid will start at $300,000. The non-performing loan is secured Elm Grove Gardens, a multifamily property built in 1968 and located in Baton Rouge, Louisiana, minutes west of the Baton Rouge Airport and a short drive north of Downtown Baton Rouge (CDB). Elm Grove Gardens is an 84-unit project previously under a HAP contract covering 100% of the units. The HAP contract has been abated and this is now a market-rate property. Of the eighty-four (84) units, twenty (20) are two bedroom / one bathroom units and the remaining sixty-four (64) units are three bedroom / one bathroom units. The two-story, garden-style project is situated on 5.70 acres and is comprised of eight (8), two-story buildings. The improvements consist of wood frame construction, brick veneer exterior, and pitched, asphalt shingle roofs. Site amenities include a manager's office, laundry facility and a centralized, covered pavilion. Apartments feature a refrigerator, stove, tub/shower combination, vinyl flooring and painted sheetrock / vinyl paneling. Recent improvements include repair and replacement of sidewalks, roof work, HVAC repair and replacement and renovation of existing apartment units. Auction Link: https://www.ten-x.com/commercial/listing/8770-elm-grove-garden-dr-baton-rouge-la-70807/1000009423/

Nicholson to W Garfield Great houses for rental or owner occupant. Currently vacant and ready for occupancy. Exterior A/C unit will be installed prior to sale. 844/852 W Garfield shall be sold as a package listed for $148,000.

Duplex located on Rittiner Dr in Mid City; close to St. Joseph's Academy and Catholic High. Major cross streets nearby are Kleinert Ave and S Eugene St. Great investment opportunity in the Mid City area! Both units are 3 bedroom, 1 bath flats. Property has been well maintained by the current owner. *Top unit is leased until Jan 2019 for $1150/month. Bottom unit is leased until November 2019 for $1050/month. *Showings are only approved upon accepted purchase agreement with proof of funds / pre-approval letter.

Located on Prescott Rd near W Brookstown Dr Investment opportunity. 24 unit apartment complex available for sale on Prescott Rd., near W. Brookstown Dr. All units are 2 bed / 2 bath Contact listing agent for more details. Please do not call or visit the property without first speaking with and getting approval from listing agent. Building square footage is only an estimate. Neither Seller nor Broker makes any representations as to its accuracy.

Burbank to Gardere Ln, right on Innovation Parkway left on Mast. Property on right hand side of street This is one of 4 fourplexes being part of a 100% occupied fourplex portfolio located in Baton Rouge Louisiana. This building stays 100% occupied with the exception of short vacancies during tenant turnover. It is professionally managed and well maintained. Several updates in the past few years including a new roof in the past 5 years. No flood insurance required. Tenants pay all utilities. Fast growing area just minutes from LaBerge Casino and LSU. Can be purchased individually or as a package. Seller is a licensed Realtor in Louisiana.

Located in Thibodaux, LA just outside of the Nicholls State University campus. The close proximity to Nicholls State adds the potential for a student living complex. This 5 unit apartment complex consists of 3 2-story units and 2 1-story units. The property is currently in need of a renovations, which makes this a great purchase for an investor who is looking for a value-add investment with huge upside potential.

1825 Main St located in Franklin, LA is a 9,001 square foot Other Commercial, Improved Residential Inventory property that was built in 2019.This property is situated on a 1.16 acre land parcel.The property is being offered at the following list price: $1,478,735 at a Cap Rate of 7% with an estimated NOI of 103,511.Offered by Josh Bishop.

GSRI to Port to Stern Fully leased duplex apartment building. Unit mix is two 3 bedroom units. Each apartment is currently leased at $700 monthly. Owner pays water/sewer. No showings allowed until receipt of acceptable offer. Make all offers subject to inspections. Do not disturb tenants.

Florida Blvd to N Ardenwood to Villa Ashley

Town-Homes in Premier Golf Community of Carter Plantation. Units have view over 15th hole. Town-Homes in the Premier Golf Community of Carter Plantation. This sale is for six lots (units). Each unit has high ceilings, open floor plan, designer fixtures, great workmanship, parking in garage for vehicle and golf cart, additional parking space in driveway, alarm system, pre-wired cable TV and phones, central heat and A/C, covered porch and patio, sodded and fence in yard. As well as a view to the golf course 15th hole. 24007-24027 Panther Road (lots 1-6). Currently all units but one are occupied.