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50007-50079 Kevin Dr

14 Unit Apartment Building $1,395,000 ($99,643/Unit) 9.60% Cap Rate Tickfaw, LA 70466

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Executive Summary

-Monthly Income: $14,671
-Annual Income: $176,052
-Expenses: $3,428/month
-Total Units: 21 on 4.2 Acres
-Vacant Land: 2.16 Acres
-Value-Add Opportunity:
-Plans for 24 additional units are available.
Contact the agent for more details.
Owner Financing: Bond for Deed Available

21-Units Kevin Drive 10.01.24 2pm.pdf-2

Property Facts

Price	$1,395,000	Apartment Style	Garden
Price Per Unit	$99,643	Building Class	C
Sale Type	Investment	Lot Size	3.97 AC
Cap Rate	9.60%	Building Size	18,296 SF
No. Units	14	No. Stories	1
Property Type	Multifamily	Year Built	1988
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,395,000
Price Per Unit	$99,643
Sale Type	Investment
Cap Rate	9.60%
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	3.97 AC
Building Size	18,296 SF
No. Stories	1
Year Built	1988
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.