$349,000

2 fully occupied and separately-metered multifamily properties in Breaux Bridge! This property is priced $26,000 below the $375,000 appraisal. The 4-plex features four 806-square-foot units, totaling 3,224 square feet, while the triplex features three 810-square-foot units, totaling 2,437 square feet. Each unit is separately metered for electricity and water, helping reduce owner-paid utility expenses and maximize cash flow. The property is currently generating $4,750 per month every month in gross rental income, with all 7 units leased. The triplex features rents of $550, $700, and $600 per month and is equipped with window A/C units, while the 4-plex features central HVAC systems and current rents of $750, $700, $700, and $750 per month. Tenants enjoy ample off-street parking with a large gravel parking lot. Major capital improvements include both roofs being less than 5 years old, while the A/C systems, plumbing, and electrical have been updated as needed. An additional lot at the rear of the property offers future development potential, providing an opportunity to add even more value. The owner currently pays for trash service and lawn care. Lawn maintenance is approximately $125 every two weeks for regular mowing or $250 every two weeks when including weed treatment. Annual property taxes are approximately $1,184.50, and insurance is currently approximately $4,000 per year. Property is being sold as-is, making this an excellent opportunity for investors looking to expand their portfolio with a cash-flowing asset and future upside potential.