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24-Unit Apartment Complex w/ Additional Land 111-131 Teresa Dr

24 Unit Apartment Building $1,785,700 ($74,404/Unit) 7% Cap Rate Saint Martinville, LA 70582

Apartment Buildings Louisiana Saint Martinville 111-131 Teresa Dr, Saint Martinville, LA 70582

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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

ATTACHMENTS

Flyer_111__121__131_Teresa_Dr.
Traffic_Count_Map
Executive_Summary
Apartment Rent Roll_(sharable)
Demographic_and_Income_Profile
Drive Time Map

FINANCIAL SUMMARY (ACTUAL - 2021) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2021) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,785,700 Apartment Style Low-Rise
Price Per Unit $74,404 Building Class C
Sale Type Investment Lot Size 1.73 AC
Cap Rate 7% Building Size 21,684 SF
No. Units 24 No. Stories 2
Property Type Multifamily Year Built 2000
Property Subtype Apartment Parking Ratio 1.38/1,000 SF
Price $1,785,700
Price Per Unit $74,404
Sale Type Investment
Cap Rate 7%
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.73 AC
Building Size 21,684 SF
No. Stories 2
Year Built 2000
Parking Ratio 1.38/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 12 - 720
2+1 12 - 840
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111-131 Teresa Dr, Saint Martinville, LA - AERIAL map view - Image1
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PROPERTY TAXES

Parcel Number 15801B2331 Improvements Assessment $85,830 (2024)
Land Assessment $3,540 (2024) Total Assessment $89,370 (2024)

PROPERTY TAXES

Parcel Number
15801B2331
Land Assessment
$3,540 (2024)
Improvements Assessment
$85,830 (2024)
Total Assessment
$89,370 (2024)
(225) 766-0000 x919

CONTACT

  • Listing ID: 26261261

  • Date on Market: 7/26/2022

  • Last Updated:

  • Address: 111-131 Teresa Dr, Saint Martinville, LA 70582

More public record information on 111-131 Teresa Dr, Saint Martinville, LA 70582

The Multifamily Property at 111-131 Teresa Dr, Saint Martinville, LA 70582 is currently available for sale. Contact Saurage Rotenberg Commercial Real Estate for more information.

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24-Unit Apartment Complex w/ Additional Land | 111-131 Teresa Dr
(225) 766-0000 x 919

24-Unit Apartment Complex w/ Additional Land | 111-131 Teresa Dr

Mike Stinson

(225) 766-0000

x919

(225) 766-0000 x919

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