Multifamily Opportunity

Multi-Family for Sale
Catylist Listing ID: 30787395
Property Subtypes: Low-Rise/Garden, Senior Living, Other
Number of Units: 15 Units
Building Size (RSF): 12,841 SF
Gross Land Area: 3.19 Acres
Sale Price: $585,000
Unit Price: $39,000 Per Unit
Property Use Type: Investment
Building Name: Genita Chestee Manor
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 90
Last Updated: 9/15/2022

Overview / Comments

The building is a double winged straight shot design sitting
on three acres of pristine open space. This surplus of land
could serve for additional units, amenities or other mixed use
development. Some restrictions may apply.

This is a 15 unit building originally designed as a retirement center. It can be used as either, a market rate
multifamily or as a retirement community.
- Low Maintenance
- Affordable Housing Opportunity
- Class B
- Laundromat for additional Income
- Manager's office
- Surplus land for additional units
- 18 minutes from LSU-Eunice
- Large congregation/media room
- Could be senior living

Additional Details

Nearest MSA: Opelousas
County: Evangeline
Submarket Type: Other
Taxing Authority: Evangeline Parish
Tax ID/APN: 0160000275A
Area Description: Chataignier is a city in Evangeline Parish, Louisiana, United States. The population was 364 at the 2010 census according to Wikipedia. Although Chataignier is a small city, it is nestled in the center of a triangle made up of three major cities in Louisiana. Lafayette, Alexandria and Lake Charles. Not to mentioned at only 18 minutes from LSU at Eunice.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 2008
Roof Type: Gable
Parking Type: Surface
Legal Description: Legal 1 TRACT 2500--LOCATED IN SEC.36 T5-1E VILLAGE OF CHATAIGNIER (3.19 ACS.) C-458 P.22 #620924 C-461 P.642 #623150

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,365 1,365 4,357
Median Age: 37.78 37.78 38.61
Households: 523 523 1,579


Photograph of Listing Agent

Miguel A Castro, Jr

Castro Real Estate Services, LLC Baton Rouge, LA 70806
LACDB Member
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