44 Magnolia Rd Sulphur, LA 70663
This exceptional investment opportunity presents a fully remodeled four-unit quadplex located at 44 Magnolia Road, Sulphur, LA 70663. Each of the four units boasts 938 square feet of living space, thoughtfully designed with two bedrooms and one bathroom. Extensive renovations include new foam insulation, exterior siding, a new roof, new windows, updated AC units, completely remodeled kitchens and bathrooms featuring new cabinets and granite countertops, fresh sheetrock and paint, new flooring, and upgraded electrical and plumbing systems. Essentially, each unit is like new. One unit is currently leased at $1,100 per month, demonstrating immediate rental income potential. The property's location in flood zone X eliminates the need for flood insurance, further enhancing its investment appeal. This turnkey property is ideal for expanding a rental portfolio or entering the rental market. The property is classified as Mixed Use, Industrial, with a manufacturing subtype. The asking price is $460,000. This is a rare opportunity to acquire a high-quality, income-generating property in a desirable location.
-
Magnolia Apartments Apartment Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.