For Sale
$3,600,000

12066 Carriage House Ln Ponchatoula, LA 70454

30-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fully occupied, 30-unit apartment complex in Ponchatoula, Louisiana. The property, located at 12066 Carriage House Lane, boasts a desirable 6.40% cap rate and comprises nine buildings situated on approximately 5.01 acres. Built in 2002, this Class B multifamily property offers 29,940 square feet of living space. Each building features dedicated parking lots for resident convenience. The property enjoys excellent access to major thoroughfares, with convenient access to Highway 22 within approximately two minutes, providing easy commuting to areas such as Sorrento and Mandeville. The property is currently operating at 100% occupancy, presenting a stable and attractive income stream. Detailed financial information, including rent rolls and operating statements, is available upon request. This well-maintained complex represents a strong value proposition for investors seeking a stable, high-performing asset in a growing market. The property's location and strong occupancy rate make it an ideal investment opportunity. Further details are available in the offering memorandum.

Highlights

  • Fully occupied, 30-unit apartment complex.
  • Nine buildings on approximately 5.01 acres.
  • Dedicated parking for each building.
  • 6.4% cap rate.

Property Details for 12066 Carriage House Ln

Property type
Apartment buildings
Square Feet
29,940 SF
Class
B
Year Built
2002
Buildings
9
Lot Size (sq. ft)
218,236 SF
Units
30

Location Insight

City
Ponchatoula
County
Tangipahoa Parish
State
Louisiana
Latitude
30.4328015
Longitude
-90.5188784

FAQs

What type of property is this?
Apartment building - 30-Unit Multifamily Investment
Where is the apartment building located?
The property is located at 12066 Carriage House Ln Ponchatoula, LA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Fully occupied, 30-unit apartment complex.; Nine buildings on approximately 5.01 acres.; Dedicated parking for each building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12066 Carriage House Ln
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