245 Pavy Rd Opelousas, LA 70570
Estimated payment $961/month
Highlights
- Central Air
- Multiple Heating Units
- 1-Story Property
- Wood Siding
About This Home
Turn-Key Investment Package - 6 Doors | 100% Occupied | Opelousas, LARare opportunity to acquire a fully leased, multi-property rental package consisting of six total units across three locations in Opelousas:245 Pavy Road, 403 Lombard Street, and 622 Hwy 749This portfolio includes two single-family residences (one is a mobile home) and two duplexes, providing a balanced mix of asset types with consistent rental demand.The two duplexes are less than 20 years old and built with durable cinder-block construction and metal roofs. These units have a strong rental history, including two apartment units with tenants in place for over five years, offering immediate stability for a new owner.The single-family home at 245 Pavy Road is leased at $645 per month and is occupied by a tenant who has been in place and paid rent on time for more than 10 years. This property also offers a rare value-add opportunity, with sufficient space to install up to two additional mobile homes, allowing an investor to increase the door count and future income.The home at 403 Lombard Street rents for $700 per month, sits on a corner lot, and is located directly across the street from Opelousas Middle School. The property features brand-new flooring throughout, with laminate in the kitchen, living areas, and one bedroom, and carpet in the remaining two bedrooms--a recent upgrade that enhances tenant appeal and reduces near-term capital needs.This is a true turn-key investment portfolio--100% occupied, proven rent history & multiple long-term tenants. An ideal opportunity for investors seeking immediate cash flow in the Opelousas rental market.
Property Details
Home Type
- Multi-Family
Lot Details
- 0.99 Acre Lot
- Lot Dimensions are 110 x 393.2
Parking
- 8 Parking Spaces
Home Design
- Slab Foundation
- Frame Construction
- Wood Siding
- Siding
Interior Spaces
- 5,200 Sq Ft Home
- 1-Story Property
- Gas Cooktop
Laundry
- Dryer
- Washer
Schools
- Northeast Elementary School
- Opelousas Middle School
- Opelousas High School
Utilities
- Central Air
- Multiple Heating Units
Listing and Financial Details
- Tax Lot 36
Community Details
Overview
- 6 Units
Building Details
- Insurance Expense $4,337
- Gross Income $42,360
Map
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 | $2 | $3,440 | $1,190 | $2,250 |
| 2023 | $183 | $3,310 | $1,190 | $2,120 |
| 2022 | $181 | $3,310 | $1,190 | $2,120 |
| 2021 | $180 | $3,310 | $1,190 | $2,120 |
| 2020 | $180 | $3,310 | $1,190 | $2,120 |
| 2019 | $182 | $3,320 | $1,200 | $2,120 |
| 2018 | $182 | $3,320 | $1,200 | $2,120 |
| 2017 | $182 | $3,320 | $1,200 | $2,120 |
| 2015 | $171 | $3,130 | $1,010 | $2,120 |
| 2013 | $171 | $3,130 | $1,010 | $2,120 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/10/2026 02/10/26 | For Sale | $185,000 | +428.6% | $36 / Sq Ft | |
| 12/06/2019 12/06/19 | Sold | -- | -- | -- | View Prior Sale |
| 11/13/2019 11/13/19 | Pending | -- | -- | -- | |
| 08/12/2019 08/12/19 | For Sale | $35,000 | -- | $29 / Sq Ft |
Source: REALTOR® Association of Acadiana
MLS Number: 2600000867
APN: 0105632900
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