Day Care Property with Rear
For Sale
$159,999
60149 Bennett Road, Amite, LA 70422
The renovated main residence includes a flex room, with a separate one-bedroom dwelling at the rear.
Property Size1,328 SF
Price / SF$120.48
Days on Market16
Property Features for 60149 Bennett Road
General Information
Standard status
Active
Size
1,328 SF
Property subtype
Commercial
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
1,328 SF
Year Built
1985
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 3:30PM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This day care-oriented property includes a two-bedroom, one-bath main residence with a flex room and storage. Renovations made with daycare use in mind include a newer roof, HVAC system, water heater, and updated electrical. The property also has a separate rear unit of approximately 600 square feet, with one bedroom and one bathroom.
Located in Amite near I-55 and Hwy 16, the property was built in 1985. Any business use is subject to zoning.
Located in Amite near I-55 and Hwy 16, the property was built in 1985. Any business use is subject to zoning.
Key Highlights
- Renovations for daycare use include a newer roof, HVAC system, water heater, and updated electrical
- Rear dwelling measures approximately 600 square feet and has 1 bedroom and 1 bathroom
- Main residence offers 2 bedrooms, 1 bathroom, a flex room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,684
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,680
$173.7K
Cap Rate 7%
$124,057
$124.1K
Cap Rate 9%
$96,489
$96.5K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$17.4K $13.08/SF
− Vacancy
−$1.6K −$1.19/SF
EGI
$15.8K $11.89/SF
− OpEx
−$7.1K −$5.35/SF
NOI
$8.7K $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%
$173,680
Cap Rate 7%
$124,057
Cap Rate 9%
$96,489
Alternative Uses
Best Use
Apartment 5plus
$124.1K
$108.6K – $144.7K
NOI $8,684 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.1K
$320.3K – $427.1K
NOI $25,626 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70422, LA
13,863
Population
6,204
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
84%
High-School Grad
157.5 sq mi
ZIP Area
88
Density / Sq Mi
$50,412
Median Household Income
$36,534
Median Earnings
$844
Median Rent
$169,900
Median Home Value
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Similar Off Market Nearby
- Building Dreams Early Learning — 61133 N Laiche Rd, Amite City, LA 70422
- A & A Day Care Learning Center — 61042 Bennett Rd, Amite City, LA 70422
Frequently Asked Questions
What type of property is this?
Day care center - The renovated main residence includes a flex room, with a separate one-bedroom dwelling at the rear.
Where is this day care center located?
The property is located at 60149 Bennett Road Amite, LA.
What is the asking price?
The asking price for this property is $159,999.
What are key features of this property?
This property features: Renovations for daycare use include a newer roof, HVAC system, water heater, and updated electrical; Rear dwelling measures approximately 600 square feet and has 1 bedroom and 1 bathroom; Main residence offers 2 bedrooms, 1 bathroom, a flex room, and storage
