NOT LISTED FOR SALE

Estimated Value: $74,000 - $84,000

8 Beds
8 Baths
3,952 Sq Ft
$20/Sq Ft Est. Value

Last Sold January 05, 2021

Current estimated payment $580/month

269 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • Ceiling Fan
  • Porch
  • Central Air
  • Level Lot

About This Home

As of January 2021

Sturdy brick on slab fourplex with large 2 bedroom 2 bath flats located in Pontalba Place Subdivision. Nice rental history with some long term tenants in place. Current and potential income boasts an impressive cash flow with some upside. The units are very well maintained, updated and cared for. Units are at 75% occupancy as of initial list date. Quality management is in place and they are actively pursuing new tenants and working towards 100% occupancy before the property transfer. Full financials are available to potential buyers with rental history and current P and L sheet.

Last Agent to Sell the Property

Jamie Knight

Keaty Real Estate Team Listed on: 03/20/2020

Last Buyer's Agent

Jamie Knight

Gateway Realty, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 65' x 100'
  • Level Lot

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,952 Sq Ft Home
  • Ceiling Fan
  • Electric Cooktop
  • Washer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Patio
  • Exterior Lighting
  • Porch

Location

  • Property is near public transit

Schools

  • C S Burke Elementary School
  • Judice Middle School
  • Acadiana High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,400
  • Tenant pays for electricity
  • Tax Lot 54

Community Details

Overview

  • 4 Units
  • Pontalba Place Subdivision

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • New Taxes Expense $685
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Lot Details

0

HOA Fees

$85 per month

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1492
  • Lot Size: 65' x 100'
  • Subdivision Name: Pontalba Place
  • Directions: West Congress Street to Left on Colorado Road, Right on Marigny Circle, Left on Limoges.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Unit 1(Flat), Unit 2(Flat), Unit 3(Flat), Unit 4(Flat)
  • ResoPropertyType: ResidentialIncome
  • List_136: 92.112119
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Cooktop
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Fencing: None
  • Lot Features: Level, Near Public Transit
  • Construction Type: Frame, Brick Veneer, Vinyl Siding, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Property Condition: 31 - 40 Years

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 255
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Elementary School: C S Burke
  • High School: Acadiana
  • Middle Or Junior School: Judice

Lot Info

  • Lot Size Sq Ft: 6500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 16800
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1
  • Total Actual Rent: 1400

Tax Info

  • New Taxes Expense: 684.96
  • Tax Lot: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Dec 24, 2020
Sold by
Desanto Jason Vito
Bought by
Jlo Forward Llc
Seller's Agent
Jamie Knight
Keaty Real Estate Team
Buyer's Agent
Jamie Knight
Gateway Realty, Inc.
List Price
$89,900
Current Estimated Value
$79,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Jun 12, 2018
Sold by
Msd Realty Llc
Bought by
Desanto Jason
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jlo Forward Llc $60,000 None Available
Desanto Jason $83,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2021 01/05/21 Sold -- -- --
12/15/2020 12/15/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $89,900 -- $23 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $981 $11,113 $585 $10,528
2023 $981 $7,985 $585 $7,400
2022 $703 $7,985 $585 $7,400
2021 $706 $7,985 $585 $7,400
2020 $705 $7,985 $585 $7,400
2019 $670 $7,985 $585 $7,400
2018 $685 $7,985 $585 $7,400
2017 $684 $7,985 $585 $7,400
2015 $675 $7,900 $500 $7,400
2013 -- $7,900 $500 $7,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 20002799

REALTOR® Association of Acadiana

APN: 6045582