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 | |
Updated | March 19th, 2024 |
Type | Others |
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!