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Residential Income Property For Sale
For Sale
$60,000
Pending

501 Center Park Drive, Springhill, LA 71075

Currently occupied residential income property, tenants wish to stay.

Property Size1,515 SF
Days on Market96

Property Features for 501 Center Park Drive

General Information

Standard status Pending
Size 1,515 SF
Total Parking Spaces 1
Property subtype Multi-Family / Multiple Single Units

Amenities

Other
No
Refrigerator
Cable TV Available
Shingle
One
1
Slab
Appraiser
Siding, Stone Veneer

Building Details

Year Built 1959
Buildings 1
Listing Agency: LA State Realty, LLC
Listed By: Brittany Dickerson · License #0995716382
Source: Compass
Added: May 19 Changed: Aug 8 Last Checked: Jul 23 at 7:13AM

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 LA State Realty, LLC

Investment Insights

Based on property information with market context.

This residential income property is currently occupied, with tenants expressing a desire to remain. The property is being sold in its current condition. The current rental income is $850 per month. The property size is 1515 square feet.

Key Highlights

  • Existing tenants provide immediate rental income of $850/month
  • Tenants are interested in remaining in the property
  • Refrigerator included

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

343
Businesses Nearby

Demographics for 71075, LA

5,844
Population
3,027
Households
1.9
Avg Household Size
43
Median Age
12%
College-Educated
80%
High-School Grad
35.2 sq mi
ZIP Area
166
Density / Sq Mi
$33,189
Median Household Income
$24,073
Median Earnings
$779
Median Rent
$109,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Currently occupied residential income property, tenants wish to stay.
Where is this multifamily property located?
The property is located at 501 Center Park Drive Springhill, LA.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Existing tenants provide immediate rental income of $850/month; Tenants are interested in remaining in the property; Refrigerator included
More about this property
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