10 Unit Apartment Complex

Multi-Family for Sale
Catylist Listing ID: 30163558
Number of Units: 10 Units
Building Size (RSF): 6,000 SF
Gross Land Area: 1.34 Acres
Sale Price: $449,000
Unit Price: $44,900 Per Unit
Property Use Type: Investment
Usable Size (USF): 600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2017

Overview / Comments

This apartment complex is located close to LSU-A on Hwy 171 S just out of Alexandria and just before Lecompte. It is a 10 unit 2 story complex with a separate building that is a coin operated laundry.

This property is also located next to the Alexandria Fairgrounds and provides the profitable opportunity to have paid parking income during the Fair Week each year.

Additional Details

Nearest MSA: Alexandria
County: Rapides
Percent Occupied: 90%
Highway Access: This property fronts Hwy 71.
Airports: Alexandria International Airprot
Site Description: Location is located next to LSU-A.
Area Description: Rural area located on Hwy.
Total Number of Buildings: 2
Number of Stories: 2
Roof Type: Other
Parking Type: Surface
Parking Description: Paved parking with ample room to add on.
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: 1 bedroom 1 bath units
Lot Frontage: 212
Lot Depth: 263
Water Service: Municipal
Sewer Type: Other
Legal Description: 1.344 Ac in Sec 52, T2N-R1E: Pt. Unit 1, Delmar Plantation

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,857 2,376
Median Age: 40.69 40.98
Households: 740 949


Photograph of Listing Agent

Jimmy Redfearin

NAI/Latter & Blum Alexandria Alexandria, LA 71303
LACDB Member
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