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520 W Parish Road, Sulphur, LA 70663

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For Sale

$249,900

0.35 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • 0.3 acres
    Lot size

  • 41-50 Years Old
    Age

Explore this Property

A fantastic multi family investment opportunity, located in a prime location near Sulphur's recreation and aquatic center, plants and baseball diamonds on the west side of Sulphur. This fully furnished income-generating gem features several distinct living spaces, including a cozy 2-bedroom, 1 bath unit, a larger spacious 2-bedroom, 1-bath unit with a lock off suite, full bath and another 1 bedroom poolside suite with full bath and kitchen, bringing a total of 6 bedrooms, 4 full bathrooms, 3 kitchens, and 1 kitchenette to this amazing property. All suites have access to a shared community laundry room and a stunning Gunite pool perfect for relaxation and leisure. This cash flowing property is currently fully rented, generating $4,050.00 per month in gross rent with a monthly net operating income of $2,050.00 making it a perfect candidate for an investment loan. A debt service coverage ratio or DSCR of 1.6 can comfortably service this investments debt. This property has a durable metal roof, brick veneer, updated electrical, and fresh exterior paint, And since it s located in flood zone X, no flood insurance is needed, adding even more appeal! Don t let this investment slip away! Schedule your showing today and explore the potential of adding this property to your investment portfolio. Measurements are M/L. Proof of Funds or Pre-Approval Letter REQUIRED before showings take place. Measurements are M/L.
MLS# SWL24004697

Courtesy Of Coldwell Banker Ingle Safari Realty

(337) 478-1601

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Dock, Ceiling Fan
  • Appliances
    Dishwasher, Range, Refrigerator, Washer
  • Architecture Style
    New Traditional
  • Cooling System
    Ceiling Fan(s), Window Unit(s) A/C
  • Exterior Type
    Brick
  • Heating System
    Radiant
  • Lot Size
    0.35 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 520 W Parish Road, Sulphur, LA 70663

Home seller CENTURY 21 Bono Realty

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 Bono Realty

(337) 478-1578
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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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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