Catylist ID: #30736742
Multifamily Duplex Portfolio Near Southeastern University
Multi-Family for Sale
|Catylist Listing ID:||30736742|
|Property Subtypes:||Duplex/Fourplex, Low-Rise/Garden|
|Number of Units:||10 Units|
|Building Size (RSF):||10,000 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.97 SF|
|Unit Price:||$90,000 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
- This Duplex Portfolio located on Cassie Lane consists of five, two-unit buildings all adjacent to one another on a ±0.97-acre lot.
- Cassie Lane is the common entrance drive that connects to Greco Road just north of Kohnke Hill Road.
- Parking for residents is directly in front of each unit with a total of ±20 parking spaces.
- All units are 2 bed / 2 bath and 1,000 RSF each.
- Two of the buildings were constructed in 2010 and the three on the eastern portion of the property were completed in 2019.
- The property has little-to-no deferred maintenance. The parking and entrance drives are in excellent condition.
- The portfolio is located just off I-55 in Hammond, LA and only a 4-Minute drive from the campus of Southeastern Louisiana University (14,461 Enrollment).
- Downtown Hammond is just a 10-minute drive.
- The surrounding area is primarily single-family and multifamily residential.
- Occupancy (6/1/2021): 100%
- Proforma Net Operating Income: See Offering Memorandum
- Proforma Cap Rate: See Offering Memorandum
Attachments & Media
|Total Number of Buildings:||5|
|Number of Stories:||1|
|Proximity:||1 mile||3 miles||5 miles|
Keagan FinleyElifin Realty Baton Rouge, LA 70801
Mark R SegallaElifin Realty Baton Rouge, LA 70801
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