NOT LISTED FOR SALE

219 N 3rd St Oberlin, LA 70655

Estimated Value: $79,000 - $123,705

Studio
2 Baths
1,040 Sq Ft
$92/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2024

Current estimated payment $652 / mo

16 Days on Market

About This Home

As of October 2024

**Investment Opportunity: Well-Maintained with Rental Income and Expansion Potential** Discover a fantastic investment opportunity with this charming home, offering both immediate rental income and additional income potential. This property features 3-bedrooms, 2-bathroom, and provides comfortable living space to those currently occupying it. **Current Income:** $800 per month in rental income Home is well-maintained including a cozy living area, functional kitchen, and comfortable bedrooms. The property is situated in a desirable location with easy access to local amenities, and key business areas. This presents a unique chance to secure a property with reliable income while exploring additional revenue streams. Don't miss this opportunity to invest in a well-located property!

Last Agent to Sell the Property

Jessica Landry

EXIT Bayou Realty License #995710927 Listed on: 08/19/2024

Last Buyer's Agent

Dale Carson

EXIT Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • 1981

Lot Details

  • 15,682 Sq Ft Lot
  • Irregular Lot

Home Design

  • Property Attached

Location

  • City Lot

Community Details

Overview

  • Clements Add Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $9,600
  • Net Operating Income $800

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

0.36 Acres

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: City Lot, Irregular Lot
  • LotSizeAcres: 0.36
  • Lot Size: irregular
  • Co List Office Phone: 337-905-9000
  • Special Conditions: Standard
  • Subdivision Name: Clements Add
  • Directions: North on Hwy 165, left on 6th Avenue, right on 3rd, property on left
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: No
  • CurrentPrice: 87500.0
  • Special Features: None
  • Stories: 1
  • Year Built: 1981

Interior Features

  • Number Of Buildings: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15681.6
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Annual Gross Income: 9600.0
  • Property Net Operating Income: 800.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 25, 2024
Sold by
Alexander Larry Wayne and Alexander Misty Tyler
Bought by
Russum Ryan
Seller's Agent
Jessica Landry
EXIT Bayou Realty
Buyer's Agent
Dale Carson
EXIT Real Estate Consultants
List Price
$90,000
Current Estimated Value
$95,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$85,914
Outstanding Balance
$84,634
Interest Rate
6.2%
Mortgage Type
FHA
Estimated Equity
$10,792
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Russum Ryan $87,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russum Ryan $85,914
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2024 10/25/24 Sold -- -- --
09/04/2024 09/04/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $90,000 -- $87 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

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
2025 $1,799 $8,750 $740 $8,010
2024 $18 $8,750 $740 $8,010
2023 $1,497 $7,200 $740 $6,460
2022 $1,506 $7,200 $740 $6,460
2021 $1,498 $7,200 $740 $6,460
2020 $1,504 $7,200 $740 $6,460
2019 $1,515 $7,200 $740 $6,460
2018 $1,531 $7,200 $740 $6,460
2017 $1,527 $7,200 $740 $6,460
2015 $26 $7,200 $740 $6,460
2013 $26 $7,200 $740 $6,460
Source: Public Records

Agents Affiliated with this Home

  • Jessica Landry

    Seller's Agent in 2024

    Jessica Landry

    EXIT Bayou Realty

    (985) 966-5377

    179 Total Sales

    Jessica Landry
    Section Image

  • D

    Buyer's Agent in 2024

    Dale Carson

    EXIT Real Estate Consultants

    (910) 568-6665

    78 Total Sales

    Dale Carson
    Section Image
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Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL24004810

APN: 011-0036490A

Louisiana Allen Parish Oberlin 70655

219 N 3rd St, Oberlin, LA

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