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405 N Gertrude Street

Abbeville, LA 70510
  • $807,500
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 24000885
UPDATED: 133 min ago
$807,500
  • 3
    BEDS
  • 0.62
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,760
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:
V1

School Information

Elementary School:
Middle School:
High School:

Description

Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $525 to $675, with a monthly occupied rent of $8,410 and significant market rent potential.Occupancy: High and stable, with a current rate of 87.5% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconies on the second story. Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers. Parking: Ample parking spaces available for all residents, ensuring convenience and ease. Income and Expenses: Additional income through water/sewer reimbursements ($20-$30 per unit/month). Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs. Location Perks: Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience. Close proximity to local amenities including parks, shopping centers, and restaurants. Investment Highlights: A well-maintained property with a consistent track record of high occupancy and reliable income. Potential for rent increases to align with market rates. Meticulous care ensures reduced future maintenance costs.

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Licensed by the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-05-25T11:10:35.227.
www.keatyrealestate.com/homes/147083464
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405 N Gertrude Street Abbeville, LA 70510

  • Price: $807,500
  • Status: Active
  • On Site: 115 Days
  • Updated: 133 min ago
  • MLS #: 24000885
3
Beds
2
Baths
0
½ Baths
0.62
Acres
1,760
SQFT
$459
$/SQFT
Neighborhood:
Hartwell Addition
County:
Vermilion
Area:
V1
Elementary School:
Eaton Park
Middle School:
J H Williams
High School:
Abbeville
Property Description
Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $525 to $675, with a monthly occupied rent of $8,410 and significant market rent potential.Occupancy: High and stable, with a current rate of 87.5% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconies on the second story. Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers. Parking: Ample parking spaces available for all residents, ensuring convenience and ease. Income and Expenses: Additional income through water/sewer reimbursements ($20-$30 per unit/month). Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs. Location Perks: Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience. Close proximity to local amenities including parks, shopping centers, and restaurants. Investment Highlights: A well-maintained property with a consistent track record of high occupancy and reliable income. Potential for rent increases to align with market rates. Meticulous care ensures reduced future maintenance costs.
Exterior Features

Carport YN No Construction Materials FrameBrick VeneerOther Siding Exterior Features Balcony Fencing None Foundation Details Slab Garage YN No Lot Features LandscapedAdditional Land Avai Parking Features Assigned Parking Total 20 Patio And Porch Features Unit 1 Porch/Patio/DeckUnit 2 Porch/Patio/Deck Roof Composition Structure Type Unit 1(Flat)Unit 2(Flat)

Interior Features

Appliances Refrigerator Building Area Total 13895 Cooling Central AirAC Unit(s) Cooling YN Yes Heating CentralHeat Unit(s) Heating YN Yes Interior Features High Speed InternetUnit 1(Dining RoomMaster BedroomWalk-in Closet)Unit 2(Dining RoomMaster BedroomWalk-in Closet)

Property Features

Listing Agreement Exclusive Right Mineral Rights Conveyed New Construction YN No Occupant Type Tenant Property Condition 31 - 40 Years Property Sub Type Multi Family Sewer Public Sewer Tenant Pays Broadband/Internet AccessCable/Sat TVElectricity Water Source Public

Courtesy of BG Realty & Management, LLC: 337-281-4391. Listing information © 2024 REALTOR® Association of Acadiana MLS. All rights reserved.


Licensed by the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate. Data last updated 2024-05-25T11:10:35.227.
 
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Keaty Real Estate, LLC
350 Doucet Road, Suite B
Lafayette LA, 70503