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Template Six

phil+t6@lofty.com

$ 825,000

Est. payment | -/mo

3 Beds

2 Baths

1,760 SqFt

Save

$ 825,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,760 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,760 sqft

Price per Sqft $468

Subdivision Hartwell Addition

MLS Listing ID 2600005616

Bedrooms 3

Full Baths 2

Lot Size 27007.201 Acres

Acres 0.62

Property Sub-Type Multi Family

Property Description

Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $585 to $685, with a monthly occupied rent of $9985. and significant market rent potential.Occupancy: High and stable, with a current rate of 100% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconieson the second story.Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers.Parking: Ample parking spaces available for all residents, ensuring convenience and ease.Income and Expenses:Additional income through water/sewer reimbursements ($20-$30 per unit/month).Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs.Location Perks:Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience.Close proximity to local amenities including parks, shopping centers, and restaurants.Investment Highlights:A well-maintained property with a consistent track record of high occupancy and reliable income.Potential for rent increases to align with market rates.Meticulous care ensures reduced future maintenance costs.on the second story.Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers.Parking: Ample parking spaces available for all residents, ensuring convenience and ease.I

Location

State LA

Interior

Interior Features High Speed Internet, Unit 1(Dining Room, Master Bedroom, Walk-in Closet), Unit 2(Dining Room, Master Bedroom, Walk-in Closet)

Heating Central, Heat Unit(s)

Cooling Central Air, AC Unit(s)

Appliance Refrigerator

Exterior

Exterior Feature Balcony

Parking Features Assigned

Garage Spaces 20.0

Roof Type Composition

Total Parking Spaces 20

Garage false

Building

Foundation Slab

Sewer Public Sewer

Level or Stories 2

Schools

Elementary Schools Eaton Park

Middle Schools J H Williams

High Schools Abbeville

Others

Tax ID Ra184455

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by BG Realty & Management, LLC

405 N Gertrude ST Abbeville, LA 70510