111-131 Teresa Dr - Apartments FOR SALE


Saint Martinville, LA 70582
$1,785,700 USD
225-766-0000
111-131 Teresa Dr, Saint Martinville, LA for Sale
$1,785,700 USD
Apartments - FOR SALE
1/16
null | 7% Cap Rate

111-131 Teresa Dr
Saint Martinville, LA 70582


HIGHLIGHTS

  • Stays Fully Leased
  • Great Location
  • Flood Zone "X"

OVERVIEW

24 Unit Apartment Complex For Sale - Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each - Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each - All leases are for 6 month terms - Approximately 0.86 additional acres included could be used for additional apartments - Has laundry facility on site - NOI is $125,000.00, 7% CAP Rate - Stays fully leased - Flood Zone "X' - no flood - Also available, 136-Unit Mini-Storage Unit

FOR SALE DETAILS

PRICE

$1,785,700 USD

PRICE/SF

$82 USD /SF

# OF UNITS

24

PRICE/UNIT

$74,404

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24-Unit Apartment Complex w/ Additional Land

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

-

APN/PARCEL ID

15801B2331

ASK ABOUT THIS PROPERTY

Mike StinsonSaurage Rotenberg Commercial Real EstateMore Info
225-766-0000

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Mike StinsonSaurage Rotenberg Commercial Real EstateMore Info
225-766-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.