200 Armentine Cv Breaux Bridge, LA 70517
- Residential income homes
- 5,828 SF
- 0.67 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 200 Armentine Cv
- Year built
- 2006
- Lot size
- 0.67 lot acres
- Property size
- 5,828 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of five single-family homes located in Breaux Bridge, Louisiana, at 200, 206, 212, and 218 Armentine Cove (three bedrooms, two baths each), and 224 Armentine Cove (four bedrooms, two baths). The property boasts a total of 5,828 square feet on a 0.67-acre lot, with each unit offering two parking spaces. Built in 2006, these Class B properties are currently 100% occupied, generating a substantial net operating income (NOI) of $73,200 annually, representing a 9.70% capitalization rate. The asking price is $755,000, or $151,000 per unit, and $129.55 per square foot. All roofs were replaced in 2020. The properties are zoned residential and offer spacious living areas and private yards. This turnkey investment provides immediate cash flow and significant potential for long-term appreciation in the growing Breaux Bridge market. The portfolio's strategic location and strong rental income make it an attractive option for investors seeking diversification and economies of scale. This five-home package is part of a larger portfolio of 40 homes, offering potential for further expansion. The current rents are below market value, presenting an opportunity to increase income and further enhance the property's profitability.
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
- Breaux Bridge
- County
- St. Martin Parish
- State
- Louisiana
- Longitude
- -91.9116236
- Latitude
- 30.2826846
