4289-93 LAC SAINT PIERRE DR Active Save Request In-Person Tour Request Virtual Tour
Harvey,LA 70058
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 26,400 sqft
Price per Sqft $94
MLS Listing ID 2432818
Style Other
Bedrooms 48
Full Baths 32
Half Baths 16
Year Built 1984
Property Sub-Type Apartment
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
County Jefferson
Community Pool
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Balcony,Courtyard,Fence,Tennis Court(s)
Parking Features Assigned,Off Street,Parking Lot
Pool Community,In Ground
Community Features Pool
Roof Type Shingle
Building
Lot Description Corner Lot,City Lot
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition None