NOT LISTED FOR SALE

Estimated Value: $145,000 - $159,000

8 Beds
8 Baths
3,600 Sq Ft
$42/Sq Ft Est. Value

Last Sold January 29, 2024

Current estimated payment $972/month

3 Days on Market

Highlights

  • Porch
  • Dining Room
  • Multiple Heating Units
  • Central Air
  • Wood Siding

About This Home

As of January 2024

100% fully occupied fourplex building currently bringing in $2,550 per month in rental income and $30,600 annually. All units are in above average condition for the area. Rental units have been upgraded with ceramic tile flooringand fresh paint. Owner personally manages the building himself and takes a great deal of pride in who he rents to and in what condition he keeps the units. All units are 2 bedrooms 2 baths and have washer/dryer connections. Full financials are available by request. Additional buildings may be available for purchase by the same owner. 106 Limoges, 111 Meudon, and 118 Marigny owned by same owner and are listed in MLS. Don't miss your opportunity to purchase a high-quality building with great cash flow!

Last Agent to Sell the Property

Jamie Knight

Real Broker, LLC License #69168 Listed on: 12/22/2023

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'

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • Dining Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Porch

Schools

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

Utilities

  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Total Actual Rent $2,550
  • Tenant pays for cable/sat TV, electricity, sewer, water
  • The owner pays for trash collection
  • Tax Lot 60

Community Details

Overview

  • 4 Units
  • Pontalba Place Subdivision

Building Details

  • 3 Leased Units
  • Insurance Expense $2,244
  • New Taxes Expense $702
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Lot Details

0

HOA Fees

$100 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: W Congress to Colorado Road, Right on Marigny, 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: 92.112588
  • Special Features: None

Interior Features

  • Appliances: Electric Range
  • Owner Pays: Trash Collection
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Other
  • Interior Amenities: Unit 1(Dining Room), Unit 2(Dining Room), Unit 3(Dining Room), Unit 4(Dining Room)
  • Living Area: 3600

Exterior Features

  • Construction Type: Frame, Brick Veneer, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Unit 1 Porch/Patio/Deck, Unit 2 Porch/Patio/Deck, Unit 3 Porch/Patio/Deck, Unit 4 Porch/Patio/Deck
  • Property Condition: 31 - 40 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned, Parking Lot
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Unit 1 Washer/Dryer Hookup, Unit 2 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup, Unit 4 Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

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: Cable/Sat TV, Electricity, Sewer, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 30600
  • Insurance Expense: 2244
  • Number Of Units Leased: 3
  • Total Actual Rent: 2550

Tax Info

  • New Taxes Expense: 702
  • Tax Lot: 60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2023
Closed on
Jan 26, 2024
Sold by
Romero Jason James and Romero Lisa Marie
Bought by
Gregoritsch Michael and Gregoritsch Jai
Seller's Agent
Jamie Knight
Real Broker, LLC
Buyer's Agent
Jamie Knight
Gateway Realty, Inc.
List Price
$150,000
Views
13
Current Estimated Value
$150,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.23%
Original Mortgage
$112,500
Outstanding Balance
$110,635
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$40,032

Purchase Details

Closed on
Apr 5, 2013
Sold by
Nguyen Trang and Nguyen Huong
Bought by
Rodriguez Romero Jason James and Rodriguez Romero Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gregoritsch Michael $150,000 None Listed On Document
Rodriguez Romero Jason James $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregoritsch Michael $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2024 01/29/24 Sold -- -- --
12/26/2023 12/26/23 Pending -- -- --
12/22/2023 12/22/23 For Sale $150,000 -- $42 / 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 $1,016 $11,502 $582 $10,920
2023 $1,016 $7,982 $582 $7,400
2022 $703 $7,982 $582 $7,400
2021 $706 $7,982 $582 $7,400
2020 $705 $7,982 $582 $7,400
2019 $670 $7,982 $582 $7,400
2018 $685 $7,982 $582 $7,400
2017 $684 $7,982 $582 $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: 23011254

REALTOR® Association of Acadiana

APN: 6063874