44 Magnolia RdSulphur, LA 70663

Property Details for 44 Magnolia Rd

Property type

Other commercial real estate

Property subtype

Other mixed-use properties

Description

This exceptional investment opportunity presents a fully remodeled four-unit quadplex located at 44 Magnolia Road, Sulphur, LA 70663. Each of the four units boasts 938 square feet of living space, thoughtfully designed with two bedrooms and one bathroom. Extensive renovations include new foam insulation, exterior siding, a new roof, new windows, updated AC units, completely remodeled kitchens and bathrooms featuring new cabinets and granite countertops, fresh sheetrock and paint, new flooring, and upgraded electrical and plumbing systems. Essentially, each unit is like new. One unit is currently leased at $1,100 per month, demonstrating immediate rental income potential. The property's location in flood zone X eliminates the need for flood insurance, further enhancing its investment appeal. This turnkey property is ideal for expanding a rental portfolio or entering the rental market. The property is classified as Mixed Use, Industrial, with a manufacturing subtype. The asking price is $460,000. This is a rare opportunity to acquire a high-quality, income-generating property in a desirable location.

Location Insight

City

Sulphur

County

Calcasieu Parish

State

Louisiana

Latitude

30.2304

Longitude

-93.3126

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