Unlock a fantastic investment opportunity with the chance to own an 18-unit apartment complex in Sulphur. This valuable property features seventeen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all equipped with central air and heat for tenant comfort. Benefit from additional income with an on-site laundry facility. With rental rates ranging from $675 to $775 and a strong rental history, this complex promises a steady income flow of $12,100 monthly when fully occupied. The owner covers water, gas, and electric costs up to a $50/month cap. Each unit is separately metered for electricity, while gas and water are shared. Two units are currently available for immediate viewing, with a 48-hour notice required to tour occupied units. The property is located in flood zone X so no flood insurance required. Please note, to maintain privacy and security, there will be no for sale sign on the property. Don't miss this chance to expand your portfolio in a sought-after location. Schedule your showing today and explore the potential of this Sulphur apartment complex!
| Property Type | Commercial-Other |
|---|---|
| Year Built | 1980 |
| Listing ID | FJJ69B |
| MLS ID | SWL24001373 |
| Style | Other Style |