$1,749,000
NEW CONSTRUCTION $1K PRICE DROP

1366 Georgia Rd Moss Bluff, LA 70611

Moss Bluff Neighborhood

Estimated payment $11,067/month

Total Views 266
-- Bed
-- Bath
16,040 Sq Ft
$109 Price per Sq Ft

About This Home

Explore this exceptional investment opportunity with 8 newly constructed duplexes on a 1.66-acre lot in Moss Bluff. This property presents a prime chance for buyers looking to enhance their investment portfolio. Each duplex features a modern, one-story design with durable Hardi-plank siding and is built on a slab foundation, offering a total of 16 units. Each unit spans 962 sq/ft and includes a 2 bedroom/2 bathroom layout with an open floor plan, washer/dryer hookups, and stained concrete floors, which are ideal for easy maintenance. The thoughtful design promotes comfortable living spaces that are highly attractive to tenants. All units are separately metered for electricity and come with covered front porches, adding to the appeal and functionality of each space. The property also boasts a new, expanded commercial sewer system capable of supporting two additional duplexes, providing significant expansion potential. Located in Flood Zone X, these properties do not require flood insurance, further enhancing their attractiveness as a low-maintenance investment. All units are leased and will need 36 hour notice for any showings. Don't miss out on this lucrative investment opportunity in a desirable location. Tenants pay all utilities so the fixed income expenses are only $550 month to include trash pickup, septic tank monthly testing, and lawn service. The current insurance premium is: $ 22,108.67 yearly on all buildings and property taxes are $150/ year currently assessed at land only.

Listing Agent

Robbie Ingle

Coldwell Banker Ingle Safari Realty License #912122392 Listed on: 07/25/2024

Coldwell Banker Ingle Safari Realty

Map

Property Details

Home Type

Multi-Family

Year Built

2023

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Lot Size: 220.36x316.29
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Co List Office Mls Id: 67
  • Co List Office Phone: 337-478-1601
  • Directions: Take You Winn Rd, to John Bunch turn left, Right on Cascio and left on Georgia
  • Property Attached Yn: No
  • Special Features: NewHome
  • Year Built: 2023

Interior Features

  • Number Of Buildings: 8
  • Private Spa: No
  • Appliances: Dishwasher, Electric Range
  • Fireplace Features: None
  • Stories: 1
  • Stories: 1

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: HardiPlank Type
  • Foundation Details: Slab
  • Property Condition: New Construction
  • Roof: Shingle

Garage/Parking

  • Parking Features: Asphalt

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Green Building Features: Appliances
  • Cooling: Central Air
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 69696.0
  • Additional Parcels Description: 00012998
  • Additional Parcels: No
  • Zoning Description: MultiUse

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 172800.0
  • Property Net Operating Income: 172800.0
  • Annual Operating Expense: 6600.0
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Water Meters: 8
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 For Sale $1,750,000 -- $109 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL24004379