NOT LISTED FOR SALE

306 7th Ave Oberlin, LA 70655

Estimated Value: $36,000 - $163,000

Studio
-- Bath
1,100 Sq Ft
$82/Sq Ft Est. Value

Last Sold October 18, 2024

Current estimated payment $621/month

48 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 2-bedrooms, 2-bathroom, and provides comfortable living space to those currently occupying it. **Current Income:** $600 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!

Property Details

Home Type

  • Multi-Family

Year Built

  • 2017

Lot Details

  • 0.49 Acre Lot
  • Corner Lot

Home Design

  • Property Attached

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

Overview

  • Cole & Sartor Sub Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $7,200
  • Net Operating Income $7,200

Property Details

Home Type

Multi-Family

Year Built

2017

Lot Details

0.49 Acres

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: Corner Lot, City Lot
  • LotSizeAcres: 0.49
  • Lot Size: irregular
  • Co List Office Phone: 337-905-9000
  • Special Conditions: Standard
  • Subdivision Name: Cole & Sartor Sub
  • Directions: North on Hwy 165, right on 6th Avenue/Hwy 26 east, left on 10th, property on corner of 10th and 7th
  • Has Cooling?: Yes
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: No
  • CurrentPrice: 35000.0
  • Special Features: None
  • Stories: 1
  • Year Built: 2017

Interior Features

  • Number Of Buildings: 1

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21344.4
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Annual Gross Income: 7200.0
  • Property Net Operating Income: 7200.0
  • 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 17, 2024
Closed on
Oct 18, 2024
Sold by
Lmtl Llc
Bought by
Saltwater Etc Llc
List Price
$55,000
Views
2
Current Estimated Value
$90,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
100.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Saltwater Etc Llc $165,000 Reliant Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold -- -- --
10/04/2024 10/04/24 Pending -- -- --
08/17/2024 08/17/24 For Sale $55,000 -- $50 / 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 $1,872 $9,480 $800 $8,680
2024 $1,373 $6,960 $800 $6,160
2023 $999 $5,000 $800 $4,200
2022 $1,005 $5,000 $800 $4,200
2021 $1,000 $5,000 $800 $4,200
2020 $1,004 $5,000 $800 $4,200
2019 $1,011 $5,000 $800 $4,200
2018 $1,022 $5,000 $800 $4,200
2017 $1,020 $5,000 $800 $4,200
2015 $466 $2,370 $800 $1,570
2013 $660 $3,220 $800 $2,420
Source: Public Records

Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL24004826

APN: 011-0057735

Louisiana Allen Parish Oberlin 70655

306 7th Ave, Oberlin, LA

Not Listed for Sale

MultiFamily

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