20
See all 20 photos
$2,500,000
Est. payment /mo
1.49 Acres Lot
Active
4289-93 Lac Saint Pierre Drive Harvey, LA 70058
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NO2432818
Lot Size 1.492 Acres
Acres 1.4922
Property Sub-Type Multi Family
Property Description
SELLER FINANCING OFFERED 5% INTEREST RATE! 24-unit multi-family property located in Harvey, LA. This well-maintained 24-unit complex consists of a mix of 2 bed 1.5 bath units and 2 bed 2 bath units and includes 4 parcels of vacant land to build additional units. Based on market rent comparables included in this OM, there is room to increase rental rates to $1,350/mo. Each unit is condo'd. Harvey is a highly desirable market for both renters and investors alike. Multifamily properties in Harvey generally experience lower turnover and rent out extremely quick and 4289-93 Lac St. Pierre Drive is no exception. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Property amenities include a well-kept swimming pool, tennis court, washer & dryers in each unit, and ample parking for tenants. Our insurance broker advised it was only $400-500 additionally on the GL policy per year to insure the pool. In sum, 4289-93 Lac St. Pierre Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
Location
State LA
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony
Parking Features Assigned, Parking Lot
Roof Type Composition
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Listed by Bridgewater Realty Advisors, LLC