$50,000
SOLD OCT 18, 2024
Last list price

702 Justin Ln Oberlin, LA 70655

-- Bed
-- Bath
1,800 Sq Ft
1977 Built

Recently Sold

$28 Per Sq Ft

44 Days on Market

About This Home

As of October 2024

**Investment Opportunity: Well-Maintained Duplex with Rental Income and Expansion Potential** Discover a fantastic investment opportunity with this charming duplex, offering both immediate rental income and additional income potential. This property features two 1-bedroom, 1-bathroom units, each providing comfortable living spaces that are currently tenant-occupied. - **Type:** Duplex - **Units:** Two 1-bedroom, 1-bathroom units - **Current Income:** $1,100 per month in rental income from the fully occupied units - **Additional Income:** Potential for extra revenue through onsite storage units, offering added investment value Each unit in this well-maintained duplex includes a cozy living area, functional kitchen, and comfortable bedroom. The property is situated in a desirable location with easy access to local amenities, transportation, and key business areas. This duplex 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 duplex with excellent income potential and room for expansion!

Last Agent to Sell the Property

Jessica Landry

EXIT Bayou Realty License #995710927 Listed on: 08/09/2024

Last Buyer's Agent

Jessica Landry

EXIT Bayou Realty License #995710927 Listed on: 08/09/2024

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,305

Year Built

1977

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Size: .57
  • Co List Office Mls Id: 423
  • Co List Office Phone: 337-905-9000
  • Directions: North on Hwy 165, left on 6th Avenue, right on 1st, property on right corner of 1st and Justin
  • Property Attached Yn: No
  • Special Features: None
  • Year Built: 1977

Interior Features

  • Number Of Buildings: 1
  • Stories: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Land Lease Expiration Date: 2025-02-01
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Annual Gross Income: 12600.0
  • Property Net Operating Income: 1050.0
  • Annual Operating Expense: 50.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2015
Sold by
Bushnell Entities Llc
Bought by
Lmtl Investments Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Vendors Lien $70,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold -- -- --
09/22/2024 09/22/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $50,000 -- $28 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,305 $6,350 $450 $5,900
2023 $1,320 $6,350 $450 $5,900
2022 $1,329 $6,350 $450 $5,900
2021 $1,322 $6,350 $450 $5,900
2020 $1,327 $6,350 $450 $5,900
2019 $1,336 $6,350 $450 $5,900
2018 $1,350 $6,350 $450 $5,900
2017 $1,347 $6,350 $450 $5,900
2015 $1,800 $8,790 $450 $8,340
2013 $2,829 $13,280 $450 $12,830
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jessica Landry

    EXIT Bayou Realty

See All Agents

Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL24004720

APN: 011-0031500C

Louisiana Allen Parish Oberlin 70655

702 Justin Ln, Oberlin, LA

This home is located at 702 Justin Ln, Oberlin, LA 70655 and is currently priced at $50,000, approximately $27 per square foot. This property was built in 1977. 702 Justin Ln is a home located in Allen Parish with nearby schools including Oberlin Elementary School, Oberlin High School, and Oberlin Covenant Christian School.

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