100299 Home Sfr Slidell Ln Slidell, LA 70460

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.