321 S Academy Street

Opelousas, LA
  • Property Type: Multifamily
  • 5,000 sqft

$279,000

Remarks

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!


Details

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

Interior

Cooling
Window Units
Heating
Other
Lot Dimensions
130.5X148.1

Exterior

Construction
Brick, Frame
Lot Size Area
0.44 ac
Roof
Composition

Location

Directions
I49 North exit Opelousas, go west on hwy 190 to Academy turn left. At the light on Academy and Vine the apartments will be straight ahead on the right of Academy facing Vine.
Parish
St Landry
Sub Type:
Multifamily

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