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$ 2,500,000
4289-93 LAC SAINT PIERRE DR Harvey, LA 70058
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$ 2,500,000
Est. payment /mo
Active Under Contract
4289-93 LAC SAINT PIERRE DR Harvey, LA 70058
26,400 SqFt
UPDATED:
09/30/2024 05:12 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 26,400 sqft
Price per Sqft $94
MLS Listing ID 2463982
HOA Y/N No
Year Built 1980
Property Description
SELLER FINANCING OFFERED. 100% occupied 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
Zoning Res
Interior
Fireplace No
Exterior
Garage Assigned, Off Street, Parking Lot
Water Access Desc Public
Parking Type Assigned, Off Street, Parking Lot
Building
Lot Description Corner Lot, City Lot
Dwelling Type Mixed Use
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 0300009857
Special Listing Condition None
Listed by Bridgewater Realty Advisors, LLC
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