230 Armentine Cv Breaux Bridge, LA 70517
- Residential income homes
- 11,488 SF
- 1.29 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 230 Armentine Cv
- Year built
- 2006
- Lot size
- 1.29 lot acres
- Property size
- 11,488 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of ten single-family homes located in Breaux Bridge, Louisiana, at 230, 236, 242, 248, 260, 266, 272, 302, 308, and 254 Armentine Cove. The portfolio comprises nine three-bedroom, two-bathroom homes and one four-bedroom, two-bathroom home, totaling 11,488 square feet on a 1.29-acre lot. Built in 2006 and renovated in 2020 (including roof replacements), these Class B properties offer a stabilized investment with a 100% occupancy rate and a strong net operating income (NOI) of $145,200, resulting in a 9.80% cap rate. Each unit provides two parking spaces. The asking price is $1,482,000, or $129 per square foot and $148,200 per unit. The properties are zoned residential and represent a turnkey investment with immediate cash flow potential. This portfolio offers significant advantages, including diversification across multiple units, economies of scale in management, and the potential for long-term appreciation in the growing Breaux Bridge market. This is part of a larger 40-home portfolio, presenting further expansion opportunities. The properties feature spacious living areas, private yards, and ample parking, making them attractive to renters or buyers. This is a rare opportunity to acquire a well-maintained, high-performing rental portfolio in a desirable location.
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
- -91.91110436834
- Latitude
- 30.283300714041
