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    703 Mallard St St Kinder, LA 70648

    For Sale
    $3,200,000

    61-unit apartment complex near Coushatta Casino with strong income.

    Property size:
    8 SF
    Lot size:
    8.46 Acres

    Property Features for 703 Mallard St St

    General Information

    Zoning
    Commerc
    Size
    8 SF
    Lot size
    8.46 Acres

    Building Details

    Year built
    1980

    Source: Robbie Ingle Agent Robbie Ingle

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    61-Unit Apartment Complex Investment

    This 61-unit apartment complex presents an investment opportunity in Kinder, near the Coushatta Casino. The property includes 32 brick-on-slab duplex-style buildings, featuring a mix of unit sizes: 6 one-bedroom units, 46 two-bedroom units, 8 three-bedroom units, and one 2-bedroom house. Each unit is equipped with one full bathroom, a full kitchen, a living room, and separate bedrooms. The layout is designed for tenant comfort and ease of maintenance. The complex, situated on 8.46 acres, features shingle roofs and provides two dedicated parking spaces per unit, contributing to low maintenance costs and tenant convenience. The property maintains high occupancy rates, generating consistent revenue with low operating expenses. Showings require 24-hour notice due to high occupancy.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Kinder
    County
    Allen
    State
    Louisiana
    Longitude
    -92.8846
    Latitude
    30.4476

    Nearby Similar for Sale

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    • $3,200,000
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      61-Unit Apartment Complex Investment

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      703 Mallard St, Kinder, LA 70648
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    • $850,000
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    FAQs

    What type of property is this?
    Apartment building - 61-unit apartment complex near Coushatta Casino with strong income.
    Where is this apartment building located?
    The property is located at 703 Mallard St St Kinder, LA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Strong income and proven cash flow from a 61-unit apartment complex; - High occupancy rates and low operating expenses resulting in a high cap rate and attractive return on investment; - 32 brick-on-slab duplex-style buildings offering a mix of 1, 2, and 3-bedroom units, plus one 2-bedroom house
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    703 Mallard St St Kinder, LA 70648
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