For Sale
$947,890

100299 Home Sfr Slidell LnSlidell, LA 70460

High-yield, 5-unit rental portfolio in Slidell, LA.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a stabilized, 5-unit single-family rental portfolio located in Slidell, Louisiana. The portfolio boasts a total of 7,563 square feet across five homes, situated on a substantial 222,592 square foot lot. Built around 1997 (average), each home offers approximately 1,513 square feet of living space. Currently operating at 100% occupancy, the portfolio generates a strong net operating income (NOI) of $86,201, with a pro-forma NOI projected at $87,204, reflecting a 9.09% cap rate and a pro-forma cap rate of 9.20%. The asking price is $947,890, translating to $125.33 per square foot and $189,578 per unit. This represents a significant value proposition, considering the current market median sales price of $142 per square foot and $215,821 per home in Slidell. The portfolio benefits from a strong rental market, with average monthly rents of $2,090, showing consistent growth. This investment offers immediate cash flow and significant upside potential in a thriving Louisiana market. The properties are located in Slidell and Chalmette, offering convenient access to New Orleans. Slidell's robust market conditions, including positive job growth and low days on market for single-family homes, further enhance the investment's appeal. This portfolio is offered fee simple.

Highlights

  • Price Reduced, Motivated Seller.
  • 9.20% Pro Forma Net Cap Rate.
  • $87,204 Pro Forma Net Operating Income.
  • 100% Occupancy.
  • Portfolio homes priced 21% below market value.
  • Slidell single-family rent up 12% year-over-year.

Property Details for 100299 Home Sfr Slidell Ln

Property type
Residential income homes
Square Feet
7,563 SF
Year Built
1997
Buildings
5
Units
5

Location Insight

City
Slidell
County
St. Tammany Parish
State
Louisiana
Latitude
30.3203797
Longitude
-89.8317729
100299 Home Sfr Slidell Ln, Slidell, Louisiana

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Contacts

Tom Johnston
Tom Johnston
Michael Finch
Michael Finch
Visit Broker Website

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100299 Home Sfr Slidell Ln, Slidell, Louisiana, 70460

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

100299 Home Sfr Slidell Ln
  • Tom Johnston
    Tom Johnston
  • Michael Finch
    Michael Finch
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