321-325 S BENGAL RoadRiver Ridge, LA 70123
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner
| a month ago | Price changed to $1,350,000 | |
| a month ago | Listing updated with changes from the MLS® | |
| 2 months ago | Status changed to Active | |
| 2 months ago | Listing first seen on site |
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