1409-1413 Hooks Dr Hammond, LA 70401
- Commercial real estate
- 1,685 SF
- 0.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1409-1413 Hooks Dr
- Year built
- 2019
- Lot size
- 0.12 lot acres
- Property size
- 1,685 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit multi-family property ideally situated at 1409-1413 Hooks Drive in Hammond, Louisiana. The property encompasses 1,685 square feet on a 0.12-acre lot and is offered at $500,000. The complex comprises three two-bedroom, one-bathroom duplex units, providing a total of six individual rental units. A key advantage is the consistently high occupancy rate, ensuring a steady stream of rental income. All units are entirely carpet-free, enhancing their appeal to a broader range of tenants. The property's convenient location offers easy access to Southeastern Louisiana University (SELU), making it highly attractive to students and faculty. This translates to a low vacancy rate and strong rental demand. The property is serviced by all city utilities, including water, garbage, and sewer. The building's exterior is durable and well-maintained, featuring a combination of brick (three sides) and vinyl siding (one side). Ample concrete parking is provided at the front of the building for the convenience of tenants. This property represents a compelling investment opportunity with strong potential for long-term growth and profitability. The consistently high occupancy and desirable location near SELU make this a truly attractive investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.4797
- Latitude
- 30.5127
