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    5500 La-75 Saint Gabriel, LA 70776

    Sponsored
    For Sale
    $3,500,000

    Louisiana multifamily investment opportunity. High occupancy, strong NOI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 40-unit apartment complex, Magnolia Villas, presents a compelling investment opportunity in Saint Gabriel, Louisiana. Built in 2015, this stabilized property boasts 10 two-story buildings situated on a 2.67-acre lot at 5500 LA-75, 70776. The complex comprises 40 three-bedroom, two-bathroom units, currently enjoying a 98% occupancy rate (projected 100% by 05/30/2024). Each unit features updated amenities, reflecting recent rent increases from $825-$850 to $1,025 per month, with further potential for increases to $1,100. The property includes a convenient on-site leasing office and a large storage building for maintenance equipment. The property's strong performance is evidenced by a current NOI of $341,480 and a pro-forma NOI of $425,480, translating to a current cap rate of 9.76% and a pro-forma cap rate of 12.16%. The complex is designated as LIHTC. Its prime location near industrial plants in Saint Gabriel and Ascension Parish, coupled with its proximity to Tanger Outlet Mall and Baton Rouge (a 17-minute drive), ensures consistent demand and strong rental income. This easy-to-maintain property offers a rare blend of high occupancy, significant upside potential, and a desirable location, making it an ideal addition to any investment portfolio. The asking price is $3,500,000.

    Property Features for 5500 La-75

    General Information

    Property type
    Multifamily properties
    Lot Size
    116,305 SF

    Building Details

    Year Built
    2015
    Buildings
    10
    Stories
    2
    Units
    40

    HighLights

    • 40 three‑bedroom, two‑bathroom units.
    • Stabilized multifamily complex.
    • Excellent location.
    • Recently upgraded and renovated.
    • Low‑maintenance property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Saint Gabriel
    County
    Iberville Parish
    State
    Louisiana
    Longitude
    -91.097491679212
    Latitude
    30.218724823885

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    FAQs

    What type of property is this?
    Multifamily property - Louisiana multifamily investment opportunity. High occupancy, strong NOI.
    Where is this multifamily property located?
    The property is located at 5500 La-75 Saint Gabriel, LA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 40 three-bedroom, two-bathroom units.; Stabilized multifamily complex.; Excellent location.
    Request Owner's contact information
    5500 La-75 Saint Gabriel, LA 70776
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    Saint Gabriel, LA 70776
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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
    5500 La-75 Saint Gabriel, LA 70776
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