Bridge City Multifamily Investment
1300 BOLO Court Bridge City, LA 70094
For Sale
$794,000
Multi-family property with 10 apartments near Huey P. Long Bridge.
Property Size3,579 SF
Price / SF$221.85
Days on Market599
Property Features for 1300 BOLO Court
General Information
- Standard status
- Active
- Size
- 3,579 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing Agency:
Southeast Commercial of MS, LLC
(504) 339-2136
Listed By:
Matthew Eaton · License #000072493
(504) 339-2136
Source:
Exitrealty
Added: Dec 4, 2024
Changed: Jul 6
Last Checked: Jul 15 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southeast Commercial of MS, LLC
Investment Insights
Based on property information with market context.
Located in Bridge City, Louisiana, this multi-family property features a single building with 10 apartments, offering a consistent income stream. Nine of the ten units are currently leased, indicating strong rental demand. The property's location near the Huey P. Long Bridge provides convenient access to New Orleans and Metairie for tenants. The unit mix includes: two 3-bedroom/1-bathroom units on the first floor, two 1-bedroom/1-bathroom units on the first floor, one 2-bedroom/1.5-bathroom unit on the first floor, and five 2-bedroom/1.5-bathroom units on the second floor. The property provides ample parking for residents. The building has a total size of 3579 square feet.
Key Highlights
- Dependable income stream from 10 apartments in a single building.
- High occupancy rate with 9 out of 10 units currently leased.
- Prime location in Bridge City, Louisiana.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $20.52 |
| − Vacancy | −$6.7k | −$1.87 |
| EGI | $66.8k | $18.65 |
| − OpEx | −$30.0k | −$8.39 |
| NOI | $36.7k | $10.26 |
3,579 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$524.5K
$459.0K – $612.0K
NOI $36,717 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$944.2K
$826.2K – $1.10M
NOI $66,097 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-family property with 10 apartments near Huey P. Long Bridge.
Where is this apartment building located?
The property is located at 1300 BOLO Court Bridge City, LA.
What is the asking price?
The asking price for this property is $794,000.
What are key features of this property?
This property features: Dependable income stream from 10 apartments in a single building.; High occupancy rate with 9 out of 10 units currently leased.; Prime location in Bridge City, Louisiana.
