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    5Units Joe Gayle Rd Livingston, LA 70754

    Sponsored
    For Sale
    $445,000

    Five-unit rental property, high income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a five-unit mixed-use property situated on a substantial 2.91-acre lot in Livingston, Louisiana, at 5 Units Joe Gayle Rd, zip code 70754. The property comprises four single-wide units and one remodeled double-wide unit, each situated on its own subdivided tract. This convenient arrangement offers significant management efficiencies. The current monthly rental income totals $5,250. The double-wide unit has undergone recent remodeling, enhancing its appeal and rental value. This property presents a compelling investment opportunity due to its existing rental income stream and potential for expansion. A survey and parish approval could allow for the division of additional lots, further increasing the property's value and income potential. An additional lot is also available at the corner of Lobell and Joe Gayle Roads, boasting over 200 feet of road frontage, presenting further development possibilities. The property is being sold as-is. Please note that tenants should not be disturbed. This is a rare opportunity to acquire a well-performing rental property with significant upside potential in a desirable location. The property's size and layout offer flexibility for future development or expansion. Serious inquiries only.

    Property Features for 0 5Units Joe Gayle Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    126,760 SF

    HighLights

    • Five‑unit mixed‑use property on a 2.91‑acre lot in Livingston, LA (70754).
    • Property consists of four single‑wide and one remodeled double‑wide unit, each on a separate lot.
    • Generates $5,250 monthly rental income.
    • Potential for additional lot division and development, including an adjacent lot with over 200 feet of road frontage.
    • Sold as‑is; do not disturb tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Livingston
    County
    22063
    State
    Louisiana
    Longitude
    -90.6891507
    Latitude
    30.4305033

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    FAQs

    What type of property is this?
    Mixed-use property - Five-unit rental property, high income potential.
    Where is this mixed-use property located?
    The property is located at 5Units Joe Gayle Rd Livingston, LA.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Five-unit mixed-use property on a 2.91-acre lot in Livingston, LA (70754).; Property consists of four single-wide and one remodeled double-wide unit, each on a separate lot.; Generates $5,250 monthly rental income.
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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
    5Units Joe Gayle Rd Livingston, LA 70754
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