200 Armentine CvBreaux Bridge, LA 70517

Property Details for 200 Armentine Cv

Year built

2006

Lot size

0.67 AC

Property size (Sq ft)

5,828 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of five single-family homes located in Breaux Bridge, Louisiana, at 200, 206, 212, and 218 Armentine Cove (three bedrooms, two baths each), and 224 Armentine Cove (four bedrooms, two baths). The property boasts a total of 5,828 square feet on a 0.67-acre lot, with each unit offering two parking spaces. Built in 2006, these Class B properties are currently 100% occupied, generating a substantial net operating income (NOI) of $73,200 annually, representing a 9.70% capitalization rate. The asking price is $755,000, or $151,000 per unit, and $129.55 per square foot. All roofs were replaced in 2020. The properties are zoned residential and offer spacious living areas and private yards. This turnkey investment provides immediate cash flow and significant potential for long-term appreciation in the growing Breaux Bridge market. The portfolio's strategic location and strong rental income make it an attractive option for investors seeking diversification and economies of scale. This five-home package is part of a larger portfolio of 40 homes, offering potential for further expansion. The current rents are below market value, presenting an opportunity to increase income and further enhance the property's profitability.

Location Insight

City

Breaux Bridge

County

St. Martin Parish

State

Louisiana

Latitude

30.2827

Longitude

-91.9116

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