Louisiana Multi-Family For Sale

Looking for a smaller investment with solid income potential and low operating costs? For sale is an 8 unit mobile home park situated on 2.9 acres in a beautiful, quiet part of Opelousas just minutes from I-49. Current potential rental income is $4,000 per month. Infrastructure is in place to add another mobile home. All mobile homes are conveyed in the sale and there are currently 4 vacancies. Rents are below market and the property is high and dry and not in a flood zone. Owner pays property taxes, insurance and grass cutting for unoccupied lots and common areas. Each home is individually metered for water and electricity and paid by tenants. Trash is paid through property taxes and sewer are shared septic units.

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.

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.

Located in the City Limits of Thibodaux, LA Corner Lot 32 Unit Multi-Family 2/1 Parking Ratio 29 - 2 Bed / 1 Bath 3 - 3 bed / 1 Bath Washer/Dryer Hook-up Separately Metered Electric Video Surveillance System Low Vacancy Value-Add Please Use Link to Access Deal Vault: http://properties.latterblum.com/855545-sale-louise-multifamily

- Investment Opportunity in Sulphur, LA - Two Single Story Duplexes - NOI is $39,277 - 7.48% CAP Rate - 11.29 Gross Rent Multiplier - Rent Roll(s) Available Upon Request

- Investment Opportunity in Sulphur, LA - Four Two Story Residential Units - NOI is $49,155 - 7.86% CAP Rate - 10.85 Gross Rent Multiplier - Rent Roll(s) Available Upon Request

Located just south of LSU Campus near the intersection of Brightside Drive and Hwy 30 (Nicholson Dr). Property Summary: • 10 condo units in Brightside Commons • Brightside Commons is a low-rise condo property with 60 total units • The property is two stories with units on each floor • The property is gated and fenced with common parking and community pool • Mix of student and conventional tenants Location Summary: • Located just south of LSU Campus near the intersection of Brightside Drive and Hwy 30 (Nicholson Drive) • Property is accessed via common drive from Brightside Drive • On three sides the property isn't bordered by other surrounding multifamily developments, which provides some separation and privacy • Located 1 mile from LSU Campus (student population - 31,527) Financial Summary: • Condo fees cover exterior repairs and maintenance • Pro Forma Cap Rate: 8.25% • Pro Forma NOI: $43,335.00

An extraordinary French Quarter opportunity! The original row of five circa 1860 two-story buildings at 930-40 Chartres Street is combined with the adjacent circa 1835 two-story building at 926-28 Chartres Street to form a French Quarter developer’s dream. The first floor is now comprised entirely of garage parking for up to 37 cars. The second floor of 926-28 Chartres has two newly renovated apartments of 1,260 SF and 1,361 SF (includes 3rd floor dormer area). The second floor of 930-40 Chartres St. has an expansive 4,150 SF owner’s unit and a separate 1,192 SF rental apartment with an 1,180 SF outside patio. The buildings are wrapped by magnificent covered galleries with stunning views of the Vieux Carré Existing plans have also been drafted by Williams Architects to add two additional residential apartments of 993 SF and 945 SF with an outdoor patio above the rear of the first floor parking garage at 926-28 Chartres Street. There is also an expansive existing roof deck above the 930-938 portion of the complex. The entire property is in excellent condition. Complete renovations have just been finished to the apartments at 926-28 Chartres Street,with a new roof and new 1400 lb passenger elevator serving those units having just been installed as well.

Chateau Country Club area on Chateau Blvd Kenner La Unique designed double for owner occupant - investment and or investment with income. In my opinion the rent is below market with the sq ft in excellent condition. Unit A is a Townhome with 3 bedr 2.5 baths Fpl. attached garage. Unit B has skylights, loft 2-sided fpl.,between living and dining rooms.\. Large garden room , 3 bedrooms Master has jetted tub and sep shower. A joy in showing....

36-unit multi-family apartment complex located in Metairie on corner lot. There are two buildings of brick construction with all 36 units having exterior entrances and stairwells for access to the second floor units. The front building consists of 16 units and the rear building consists of the other 20. Currently one unit is used as an office, one is used for storage, and one is used as an apartment manager/owners' unit. The remaining 33 units are available for a weekly rate for furnished units or a monthly rate for unfurnished units. Each unit has a separate electrical meter & water is paid by the owner for all units. There is ample parking in both the front and rear of the buildings, and there is a coin operated laundry centrally located on the premises for the tenants' use. Appointments are required. Please do not walk the property, or approach the office staff or residents.

From Gardere, turn on Ned Ave. Property is on the left side of Ned Recently renovated fourplex for sale. All apartments are two bedroom two full baths. Washer/dryer connections in all apartments. Roof replaced 2016. Large rear yard. Professionally managed. Tenants pay electric, water, sewer. Current rents are as follows. A-$650, B-600, C-$650, D-$600.

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.

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 off of Old River Rd in Denham Springs, LA. Twin Oaks Mobile Home Park is a 32-unit mobile home park in Denham Springs, LA. It also contains 1 additional RV space. All mobile homes are tenant owned leaving no maintenance or utilities expense on the landlord. The property is a very passive investment and has extremely low turnover. The property sits just west of Hwy 16 (Range Ave) on Old River Rd. (Hwy 1028). Residents enter via a driveway from Old River Rd and use a circle drive to access units. This quiet multifamily investment sits among other residential neighborhoods and private residences. Mailboxes and dumpster are situated in the front of the property near Old River Rd.

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.

This portfolio is located on Dodson Ave and Janet Dr just south of LSU Campus and one block north of Burbank Dr. Property Summary: 100% Occupied 29 Units in 5 Buildings All buildings on adjacent properties on Dodson Ave and Janet Dr Mix of 1, 2, 3 bedroom units Location Summary: The block where this portfolio sits is 1 block away from the southern edge of LSU's Campus and 1 block north of Burbank Dr. All properties surrounding this portfolio are multifamily residential. There is a mix of older multifamily properties and new apartment developments in the immediate proximity of the portfolio. There is also a strong retail corridor just south of the property where tenants and locals regularly shop, play, and eat. Investment Summary: Pro Forma Cap Rate: 7.14% ProForma NOI: $267,596.72

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 12 units in 3 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.

From Florida Blvd, Take Marque Ann to Shay Ave Well maintained duplex for sale. All tile floors. Washer/dryer connections in units. Roof replaced 2012. Large fenced yard. Both tenants have been in place since 2017. One unit is 2 bed 1 bath and leased at $700 mo. Second unit is 4 bed 2 bath and leased at $1,000 mo. Tenants pay electric. Owner pays water.

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 property provides a perfect opportunity to acquire a multifamily asset in a high-demand area. This property consists of 4 units, all two bedroom / one bath units. The tenant base is primarily students. Little to no deferred maintenance, a low expense to income ratio, and strong historical occupancy make this property a desirable opportunity for potential investors. The property can also be purchased as part of a larger multifamily portfolio in this area. Listed separately. Virtual tour of Unit H: https://my.matterport.com/show/?m=6WbHiqKNHHU Virtual tour of Unit S: https://my.matterport.com/show/?m=A3wFWww6KJv Virtual tour of Unit M: https://my.matterport.com/show/?m=QjSSGz8f8yy

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.

Audubon Place Apartments is an extremely well maintained, 32 Unit, Community located in the City of Thibodaux, LA. Each of the 3 buildings are of concrete panel construction, metal "r-panel" roofing, with brick and stucco facades. The property is one-quarter mile from Nicholls State University and its current tenant mix is less than 20%, college students. The community sits on approximately 2 Acres with ample room to construct additional units. As per ESRI, the median household income is $49,595 and the population is approximately 49,059. Property manager lives on-site. Audubon Place has a very low vacancy! Please use the website to access the deal vault for additional information and Proforma. http://properties.latterblum.com/103-Alice-Thibodaux-Multifamily-32Unit-Audubon

GSRI to Jasper. Property is in back corner. REMARKS – Recently renovated fourplex in fast growing market. Currently 100% leased at $700 per apartment per month. Tenants pay all utilities. Professionally managed. No viewings allowed until an acceptable offer has been received. Make all offers subject to inspections.

Turn left on Leake Ave from Gardere Ln property located on immediate right Well maintained fully leased fourplex apartment building. Unit mix is four 2 bed 2 bath apartments. Each apartment is currently leased at $650 monthly. Owner pays water/sewer.

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.

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.

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

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.

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.