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Villa West Condos 612 Rue Saint Martin 4 Unit Apartment Building $330,000 ($82,500/Unit) 12.55% Cap Rate Hammond, LA 70403
INVESTMENT HIGHLIGHTS
- Centrally Located Multi-Family Property
- Low Maintenance
- 100% Occupancy
EXECUTIVE SUMMARY
4-plex consist of four 2 bed/1bth units. Property stays occupied. Each unit individually metered for all utilities. City Garbage, Sewer, Water. Tenant pays all utilities. Exterior recently updated. Some interior updates were made as well. Just minutes from SELU campus, downtown, shopping, restaurants, hospitals,I-55, etc. Flood Zone X, no flood insurance required!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$41,400
|
$10.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$41,400
|
$10.35
|
| Taxes |
$917
|
$0.23
|
| Operating Expenses |
$250
|
$0.06
|
| Total Expenses |
$1,167
|
$0.29
|
| Net Operating Income |
$40,233
|
$10.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $41,400 |
| Annual Per SF | $10.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $41,400 |
| Annual Per SF | $10.35 |
| Taxes | |
|---|---|
| Annual | $917 |
| Annual Per SF | $0.23 |
| Operating Expenses | |
|---|---|
| Annual | $250 |
| Annual Per SF | $0.06 |
| Total Expenses | |
|---|---|
| Annual | $1,167 |
| Annual Per SF | $0.29 |
| Net Operating Income | |
|---|---|
| Annual | $40,233 |
| Annual Per SF | $10.06 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Breakfast Nook
- Family Room
- Handrails
SITE AMENITIES
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $887.50 | 900 - 3,600 |
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PROPERTY TAXES
| Parcel Number | 04819306 | Total Assessment | $2,786 |
| Land Assessment | $648 | Annual Taxes | $917 ($0.23/SF) |
| Improvements Assessment | $2,138 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
04819306
Land Assessment
$648
Improvements Assessment
$2,138
Total Assessment
$2,786
Annual Taxes
$917 ($0.23/SF)
Tax Year
2024 Payable 2024
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Villa West Condos | 612 Rue Saint Martin
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