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2505 Rhua Drive, Sulphur, LA 70663

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For Sale

$1,350,000

0.77 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.8 acres
    Lot size

  • 31-40 Years Old
    Age

Explore this Property

Seize this incredible opportunity to own a profitable 20-unit apartment complex in the Maplewood area of Sulphur, ideally situated close to I-10. This investment property boasts a strong cash flow with low vacancy rates, making it an attractive option for investors. Comprising five separate buildings, each unit within the complex offers 2 bedrooms and 1 bathroom with an open floor plan that appeals to tenants. The owner is responsible for water and trash expenses only, as all units are individually metered for electricity, enhancing cost efficiency. Post-hurricane updates include new roofs and extensive interior remodels across most units, featuring fresh paint and modern finishes that enhance tenant appeal. Located in flood zone X, investors benefit from no mandatory flood insurance, further reducing overhead costs. Currently, rents are set at $750 per unit per month, accumulating approximately $15,000 in total monthly revenue when fully occupied. With two units presently undergoing preparations for new tenants and available for showing on short notice via lockbox, this complex is nearly at full capacity. Annual property taxes are an affordable $4,032. The seller is presently not open to owner financing, paving the way for straightforward acquisition. With competitive pricing and strong income potential, this property is a must-see for serious investors. Act now to explore this excellent investment opportunity and consider making an offer on this high-demand rental property.
MLS# SWL24007174

Courtesy Of Coldwell Banker Ingle Safari Realty

(337) 478-1601

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Dock
  • Appliances
    Range, Refrigerator
  • Architecture Style
    New Traditional
  • Exterior Type
    Vinyl Siding
  • Heating System
    Central Furnace
  • Lot Size
    0.77 Acres

Map and Directions

Directions to 2505 Rhua Drive, Sulphur, LA 70663

Home seller CENTURY 21 Bessette Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Bessette Realty, Inc.

(337) 474-2185
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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