NOT LISTED FOR SALE
-- Bed
-- Bath
4,000 Sq Ft
-- Built

Last Sold January 30, 2015

124 Days on Market

Highlights

  • Balcony
  • Tile Flooring
  • Ceiling Fan
  • Fireplace
  • Central Air
  • Level Lot

About This Home

As of January 2015

Great investment opportunity to buy (2) multi-family 4-plex apartment units in Pontalba Place. Seller is offering the (2) 4-flex apts as a combined package or separate. The MLS # are L14256487 and MLS # L14256542 Each listing is a 4-unit; 4,000 sq ft multi-family building in Pontalba Place. Each apartment unit is a 2 bedroom 2 bathroom 1,000 sq ft apartment with a kitchen and living room. Rents average around $450/mo per unit. Potential to bring in over $1,800/month in gross income (or if purchased together as a package, a potential to bring in over $3,600/month in gross income). Great CAP rate of over 14%. Tenants pay water and sewage. Association dues cover the lawn care and trash. AC units kept up on an annual basis and four are still within warranty (parts). Rents are set just below ma

Last Agent to Sell the Property

Gabriel Lewis

Titan Real Estate Services, LLC License #995684159 Listed on: 08/28/2014

Last Buyer's Agent

Jennifer Duhon

Century 21 Action Realty License #0995685823

Century 21 Action Realty

Property Details

Home Type

  • Multi-Family

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 8 Parking Spaces

Home Design

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

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Tile Flooring
  • Electric Cooktop
  • Washer and Dryer Hookup

Schools

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

Utilities

  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Additional Features

  • Balcony
  • Level Lot

Listing and Financial Details

  • Tenant pays for broadband/internet access, cable/sat TV, electricity, sewer, water
  • The owner pays for trash collection
  • Tax Lot 13

Community Details

Overview

  • 4 Units
  • Pontalba Condos
  • Pontalba Place Subdivision

Building Details

  • Insurance Expense $1,028
  • New Taxes Expense $663
  • Gross Income $21,600

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: (65 x 101.18 x 65 x 101.02
  • Subdivision Name: Pontalba Place
  • Directions: From Ambassador turn on Congress, left on Colorado, right on Marigny Circle, building on right.
  • Building Name: Pontalba
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Electric Cooktop
  • Owner Pays: Trash Collection
  • Fireplace Features: Unit 1 Fireplace, Unit 2 Fireplace, Unit 3 Fireplace, Unit 4 Fireplace
  • Fireplace: Yes
  • Flooring: Other, Tile
  • Interior Amenities: Ceiling Fan(s)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: None
  • Lot Features: Level
  • Construction Type: Frame, Brick Veneer
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Property Condition: 31 - 40 Years
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Electric Dryer Hookup, Unit 1 Washer/Dryer Hookup, Unit 2 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup, Unit 4 Washer/Dryer Hookup
  • Cooling: Ceiling Fan(s),Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Other Water/Sewer
  • Utilities: Cable Available

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

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity, Sewer, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 21600
  • Insurance Expense: 1028

Tax Info

  • New Taxes Expense: 663
  • Tax Lot: 13

Range of Values:

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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
01/30/2015 01/30/15 Sold -- -- --
12/31/2014 12/31/14 Pending -- -- --
08/28/2014 08/28/14 For Sale $84,500 -- $21 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 14256487

REALTOR® Association of Acadiana