$495,000
SOLD NOV 5, 2021
Last list price

902 Shady Ln Dequincy, LA 70633

-- Bed
-- Bath
-- Sq Ft
2.86 Acres

Recently Sold

34 Days on Market

Highlights

  • 2.86 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • Traditional Architecture
  • Turnkey

About This Home

As of November 2021

Multi-family investment opportunity for 5 duplexes (10 units) inside DeQuincy city limits. Each unit offers a 2bed/1bath floor plan of
approx 817 sqft living space. All units are individually addressed with all having their own electric/water meters, as well as all being on city
sewer. These units are being sold by the original owner and were built around the 1980s +/-. They have always been well maintained. All units
have a new architectural shingle roof and all hurricane damage has been repaired. These units are 100% occupied with average rents being
$600/month for each unit. Some tenants are section 8 vouchers while the majority of tenants have resided in the units for 2+ years and are now
on a month-to-month rental basis. Additional land is being sold with these units that would allow for future expansion and construction of more
duplexes. NOTE: These units are being sold together and will not be sold separately. Addresses of all units are 902, 904, 906, 908, 910, & 912
Shady Ln. and 902, 904, 906, & 908 Anise St. The Anise St units are in a flood zone but have never flooded (seller does not have flood insurance). Lease breakdown/overview and property plats are attached. Additional information available upon request to all financially qualified buyers. The interior pictures posted are of 1 unit that was taken in March 2021 (prior to the current tenant taking possession), the layout and features are basically all the same across all 10 units.

Last Agent to Sell the Property

Josh Foster

Exit Realty Southern License #995702707 Listed on: 04/09/2021

Exit Realty Southern

Last Buyer's Agent

Harold Miller

Latter & Blum Compass-LC License #995684793

Latter & Blum Compass-LC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,807

Year Built

  • Built in 1980

Lot Details

  • 2.86 Acre Lot
  • Lot Dimensions are 389x311. 115x351
  • 1 Common Wall
  • Density is 2-5 Units/Acre
  • Part of 00740942

Home Design

  • Traditional Architecture
  • Turnkey
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Electric Oven

Laundry

  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Parking

  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Exclusions: Tenant furniture and moveables
  • Tenant pays for all utilities
  • Assessor Parcel Number 00763136

Community Details

Overview

  • 5 Buildings
  • 3 Units
  • 8,180 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Water Meters
  • Gross Income $5,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,807

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Traditional
  • Assessments: No
  • Total System: 8180.00
  • Inclusions: Range/Oven and Refrigerator
  • PropertyAttachedYN: Yes
  • Registered: No
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Oven, Refrigerator
  • Appliances: Yes
  • Square Footage: 8180.00
  • Lot Size Area: 2.8600
  • Price Per Square Foot: 58.07
  • Stories: 1

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Materials: Brick
  • Exclusions: Tenant furniture and moveables
  • Foundation: Slab
  • Lot Features: 2-5 Units/Acre
  • New Construction: No
  • Pool Features: None
  • Pool: No
  • Property Condition: Turnkey
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway
  • Parking: Yes

Utilities

  • Electricity Provided By: Cleco
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Number Of Separate Electric Mete: 10
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Common Interest: None
  • Senior Community: No

Fee Information

  • Land Lease: No
  • Total Expenses: 3000.00

Lot Info

  • Parcel Number: 00763136
  • Additional Parcels Description: Part of 00740942
  • Additional Parcels: No
  • Assessments: None
  • Lot Size Acres: 2.8600
  • Lot Dimensions: 389X311. 115X351
  • Lot Size Searchable: 124581.60
  • Lot Size Sq Ft: 124581.60

Building Info

  • Laundry: Yes

Rental Info

  • RentControlYN: No
  • Tenant Pays: All Utilities

Multi Family

  • Unit Count: 3
  • Average2 Bed Area: 818
  • Elevation Units: Feet
  • Insurance Expense: 3000.00
  • NumberOfSeparateWaterMeters: 10
  • Number of Leased Units: 10
  • Number of Units: 10
  • Number Wall A C: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Total Actual Rent: 5865.00

Tax Info

  • TaxLegalDescription: Attached.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2025
Sold by
Miller Tanner Paul and Miller Cheryl Ann
Bought by
Farrell Properties I Llc

Purchase Details

Closed on
Mar 4, 2022
Sold by
Kab Investments Llc
Bought by
Extreme Air & Heat Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2021
Closed on
Nov 5, 2021
Sold by
Foster Naomi Ruth
Bought by
Kab Investments Llc and D & S Properties Llc
Seller's Agent
Josh Foster
Exit Realty Southern
Buyer's Agent
Harold Miller
Latter & Blum Compass-LC
List Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Warranty Deed $430,000 None Listed On Document
Deed $475,000 None Listed On Document
Deed $475,000 None Listed On Document
Deed $475,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $332,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2025 06/28/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $499,900 0.0% $61 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/09/2025 05/09/25 Price Changed $499,900 -9.1% $61 / Sq Ft
09/20/2024 09/20/24 For Sale $550,000 +11.1% $67 / Sq Ft
11/05/2021 11/05/21 Sold -- -- --
05/13/2021 05/13/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $495,000 -- --
Source: Greater Southern MLS

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 $1,807 $19,170 $6,000 $13,170
2023 $1,807 $19,170 $6,000 $13,170
2022 $1,791 $19,170 $6,000 $13,170
2021 $1,767 $19,170 $6,000 $13,170
2020 $1,688 $17,610 $5,760 $11,850
2019 $1,474 $15,260 $2,090 $13,170
2018 $1,492 $15,260 $2,090 $13,170
2017 $1,512 $15,260 $2,090 $13,170
2016 $1,640 $15,260 $2,090 $13,170
2015 $1,640 $15,180 $2,010 $13,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Southern MLS

MLS Number: SWL21000948

Greater Southern MLS

APN: 00763136