405 N Gertrude Street, Abbeville, LA 70510 (MLS # 24000885)
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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.
| DAYS ON MARKET | 94 | LAST UPDATED | 3/4/2024 |
|---|---|---|---|
| TRACT | Hartwell Addition | YEAR BUILT | 0 |
| COMMUNITY | V1 | COUNTY | Vermilion |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Eaton Park |
|---|---|
| Jr. High School | J H Williams |
| High School | Abbeville |
| PRICE HISTORY | |
| Prior to Mar 4, '24 | $850,000 |
|---|---|
| Mar 4, '24 - Today | $807,500 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | V1 |
| BUYER'S BROKERAGE COMPENSATION | 2.25 |
| CONSTRUCTION | Brick Veneer, Frame |
| EXTERIOR | Balcony |
| HEAT | Central |
| INTERIOR | High Speed Internet, Walk-In Closet(s) |
| LOT | 0.62 acre(s) |
| LOT DESCRIPTION | Landscaped |
| LOT DIMENSIONS | 138 x 195 |
| SEWER | Public Sewer |
| SUBDIVISION | Hartwell Addition |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listed with BG Realty & Management, LLC
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