391 Railroad StArnaudville, LA 70512
- Residential income properties
- 10,000 SF
Property Details for 391 Railroad St
- Lot size
- 0.43 AC
- Property size (Sq ft)
- 10,000 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Arnaudville
- County
- St. Landry Parish
- State
- Louisiana
- Latitude
- 30.4027
- Longitude
- -91.9379
Comparable in this City
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