For Sale
$450,000

391 Railroad StArnaudville, LA 70512

Eight-unit multifamily, renovated, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents an eight-unit apartment building located at 391 W Railroad St, Arnaudville, LA 70512. The property boasts a total of 10,000 square feet, with 7,000 square feet of net rentable space, spread across two stories in a single building. Each of the eight units features two bedrooms and one bathroom, recently undergoing a complete renovation. Upgrades include new flooring, interior and exterior paint, fixtures, window units, sinks, toilets, bathtubs, mirrors, vanities, and ceiling fans. All units are currently occupied, providing immediate cash flow. Each unit offers convenient access code entry. The property also features a metal roof, approximately 10 years old. The property sits on a 0.43-acre lot (APN: 0300062500) and is priced at $450,000, or $74,937.50 per unit, and $64.29 per square foot. Water expenses, averaging approximately $250 per month, are covered by the owner. This is a rare opportunity to acquire a fully renovated, high-occupancy multifamily property in the peaceful town of Arnaudville, Louisiana. The strong rental income and recent renovations make this an attractive investment prospect.

Highlights

  • Eight-unit apartment building at 391 W Railroad St, Arnaudville, LA 70512.
  • 10,000 total square feet, 7,000 square feet net rentable.
  • Eight 2 bed/1 bath units, recently renovated with new flooring, paint, fixtures, and appliances.
  • 100% occupancy, providing immediate cash flow.
  • Metal roof (approx. 10 years old), 0.43-acre lot (APN: 0300062500).
  • Priced at $450,000 ($74,937.50/unit, $64.29/sq ft).

Property Details for 391 Railroad St

Property type
Apartment buildings
Square Feet
10,000 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
18,731 SF
Units
8

Location Insight

City
Arnaudville
County
St. Landry Parish
State
Louisiana
Latitude
30.402704
Longitude
-91.9379149
391 Railroad St, Arnaudville, Louisiana

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391 Railroad St
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