321 S Academy Street

Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential for growth is a significant advantage for savvy investors. The complex is located on a corner lot, providing not only visibility but also ample space for expansion. There's room to add additional units, further increasing your investment potential. Imagine the possibilities of developing more rental spaces to cater to the growing demand in the area! This apartment complex is not just a property; it's a stepping stone to greater financial growth. With its strategic location, under-market rentals, and expansion possibilities, this investment opportunity is one you won't want to miss!

Listing ID:

2020023979

Parish

St Landry

Area

L2

Subdivision

None

Financing

Cash, Conventional

Assessment

0103228600

Legal Desc

1 LOT (130.5X148.1) BLK 32 N VINE ST S HAYNES E ACADEMY ST W CYPRIANO ARDOIN FRONTING 130.5' ON VINE ST OPELOUSAS

Parking:

Open Parking Spaces: 11, Parking Lot, Attached

Cooling

Window Units

Heating

Other

Lot Dimensions

130.5X148.1

Construction

Brick, Frame

Lot Size Area

0.44 ac

Roof

Composition

Water Source

Public