8-Unit Apartment
For Sale
$780,000
14106 W Club Deluxe Rd, Hammond, LA 70403
Fully occupied community offers two-bedroom layouts, washer/dryer hookups, covered porches, and city utility service.
Property Size7,400 SF
Lot Size1.00 Acre
Price / SF$105.41
Days on Market68
Property Features for 14106 W Club Deluxe Rd
General Information
Standard status
Active
Size
7,400 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Amenities
washer/dryer hookups
covered porches
Building Details
Year Built
1985
Construction
brick veneer
Listing Agency:
Elite Real Estate Advisors
Listed By:
Sergio Mesa · License #912124506
(985) 542-7601
Source:
Dominionplace
Added: Aug 1
Changed: Oct 3
Last Checked: Oct 5 at 10:53PM
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 Elite Real Estate Advisors
Investment Insights
Based on property information with market context.
Built in 1985, this Hammond apartment complex contains 8 units, each arranged with 2 bedrooms, 1 bathroom, and washer/dryer hookups. The duplex buildings sit on concrete slabs and feature asphalt shingle roofs, brick veneer exteriors, and covered porches. Concrete streets and on-site parking spots serve the 1-acre property.
Residents have access to city water, sewer, and trash services. The property is in Flood Zone X and is positioned near Interstate 12, Interstate 55, and Highway 190, with roadway connections toward Baton Rouge and New Orleans. The surrounding Hammond area includes shopping, dining, grocery, professional services, parks, and Southeastern Louisiana University.
Residents have access to city water, sewer, and trash services. The property is in Flood Zone X and is positioned near Interstate 12, Interstate 55, and Highway 190, with roadway connections toward Baton Rouge and New Orleans. The surrounding Hammond area includes shopping, dining, grocery, professional services, parks, and Southeastern Louisiana University.
Key Highlights
- 8 units, each with 2 bedrooms and 1 bathroom
- 1‑acre site with concrete streets and parking spots
- Washer/dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,391
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,820
$967.8K
Cap Rate 7%
$691,300
$691.3K
Cap Rate 9%
$537,678
$537.7K
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$96.8K $13.08/SF
− Vacancy
−$8.8K −$1.19/SF
EGI
$88.0K $11.89/SF
− OpEx
−$39.6K −$5.35/SF
NOI
$48.4K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,820
Cap Rate 7%
$691,300
Cap Rate 9%
$537,678
Alternative Uses
Best Use
Apartment 5plus
$691.3K
$604.9K – $806.5K
NOI $48,391 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,795 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied community offers two-bedroom layouts, washer/dryer hookups, covered porches, and city utility service.
Where is this apartment building located?
The property is located at 14106 W Club Deluxe Rd Hammond, LA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 8 units, each with 2 bedrooms and 1 bathroom; 1‑acre site with concrete streets and parking spots; Washer/dryer hookups in every unit
