Petite Haven Apartments ProForma over 12 CAP | Image 1

$675,000

715 E 6 Th St, Bogalusa, LA

Name: 715 E 6 Th St, For Sale in Bogalusa - eXp Realty
Brand: Pelican Realty of Louisiana, LLC
SKU: 2501812
Price: 675000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 4093 sqft

Garage No

HOA Fees

Taxes

Days Active 6

Approx. Age 1984

Avg. Price Per Sqft $164

MLS® Number 2501812

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

This 12 unit multifamily property of studio apartments presents a strong investment opportunity by meeting the growing demand for affordable, well-maintained market-rate housing in a high-need area. Conveniently located two blocks from shopping centers and restaurants, 4-5 blocks from the largest employer in town International Paper's mill and boxing plant, and 2 miles to the 2nd largest employer Our Lady of Angles Hospital allowing the property to attract reliable tenants who may not qualify for subsidized housing programs but still seek stable, budget-friendly living options. Our tenant base includes a diverse mix of people —all thoroughly screened through background checks, credit assessments, income verification, and rental history reviews. The property has garnered significant interest from prospective renters, with consistent inquiries and positive feedback. Additionally, we’ve attracted attention from traveling nurse placement agencies, insurance relocation programs, and nonprofit organizations seeking short-to-mid-term housing for their clients, which we are not entertaining at this time. Though, this interest signals a clear path to diversify the revenue stream by selectively converting units into furnished mid-term rentals, potentially boosting cash flow and overall returns. Units were initially leased at $675/month to quickly fill units, but we've been able to successfully increase rents on new incoming tenants to $750/month we include all utilities and internet with rent which costs between $60-$95 per month with the highest costs occurring only in the peak summer and winter months. With strong demand, cashflow diversification opportunities, and proven upside in the rental rates this property is a MUST.Show Description

MLS® Number2501812

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1984

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

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