100 Mcarthur Street, Sulphur, LA

Others for Sale - $765,000


Agent Info

Claudia Ingle
Coldwell Banker Commercial Ingle Safari Realty

Property Info

CIMLS#1156447
Location
  100 Mcarthur Street
  Sulphur LA 70663
UpdatedMarch 19th, 2024
TypeOthers
Price$765,000

Property Description

Unlock a fantastic investment opportunity with the chance to own an 18-unit apartment complex in Sulphur. This valuable property features seventeen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all equipped with central air and heat for tenant comfort. Benefit from additional income with an on-site laundry facility. With rental rates ranging from $675 to $775 and a strong rental history, this complex promises a steady income flow of $12,100 monthly when fully occupied. The owner covers water, gas, and electric costs up to a $50/month cap. Each unit is separately metered for electricity, while gas and water are shared. Two units are currently available for immediate viewing, with a 48-hour notice required to tour occupied units. The property is located in flood zone X so no flood insurance required. Please note, to maintain privacy and security, there will be no for sale sign on the property. Don't miss this chance to expand your portfolio in a sought-after location. Schedule your showing today and explore the potential of this Sulphur apartment complex!


Financials


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