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391 Railroad St Arnaudville, LA 70512

OFF-MARKET Apartment buildings Google Maps
10,000 SF 0.43 ac lot
Estimated value
No estimation on file for this property yet.
Property ID US36-1530369

Property summary

AI-generated overview

This exceptional investment opportunity presents an eight-unit apartment building located at 391 W Railroad St, Arnaudville, LA 70512. The property boasts a total of 10,000 square feet, with 7,000 square feet of net rentable space, spread across two stories in a single building. Each of the eight units features two bedrooms and one bathroom, recently undergoing a complete renovation. Upgrades include new flooring, interior and exterior paint, fixtures, window units, sinks, toilets, bathtubs, mirrors, vanities, and ceiling fans. All units are currently occupied, providing immediate cash flow. Each unit offers convenient access code entry. The property also features a metal roof, approximately 10 years old. The property sits on a 0.43-acre lot (APN: 0300062500) and is priced at $450,000, or $74,937.50 per unit, and $64.29 per square foot. Water expenses, averaging approximately $250 per month, are covered by the owner. This is a rare opportunity to acquire a fully renovated, high-occupancy multifamily property in the peaceful town of Arnaudville, Louisiana. The strong rental income and recent renovations make this an attractive investment prospect.

Property profile

Verified
Property type Apartment buildings
Total area 10,000 SF
Lot 0.43 ac (18,731 SF)
UPID US36-1530369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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