Address: 205-231 Methvin Drive, Ponchatoula, LA 70454

100% occupied 16 unit multi-family complex. Great investment opportunity, all units are 2 bed 1 bath with 2 parking spaces per unit, as well as washer/dryer hookups. 3 buildings total: 205 A-D (4 units); 209-219 (6 units); 221-231 (6 units). Easy access to interstate, great monthly income. All rents to increase to $750/month starting January 1, 2023 (letters were sent to tenants January 2022); total rent to increase to $144,000/year. Building 205 A-D renovated post IDA; building 209-231 built in 2013. Apt 231 is ADA accessible.

Price: $1,075,000 | $77.35 PSF

Gross Building Area: +/- 13,897 SF

Net Rentable Area: +/- 13,600 SF

Unit Count: Sixteen (16) Units

Site Size: 1.26 Acres | 54,720 SF

Zoning: A-8 Multifamily Urban

Parking: Approximately 30 parking spots

Gross Rent: $10,680 per month | $128,160 per year

For further listing details please contact Gillian Talbot at 504-287-9490

205 Methvin Dr. OM 8.9.22

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