520 Parish Rd, Sulphur, LA 70663
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 520 Parish Rd
- Property type
- Small apartment buildings
Description
This exceptional multifamily investment opportunity in Sulphur, Louisiana, presents a compelling case for immediate acquisition. Located near Sulphur's recreation center, this fully furnished property boasts six bedrooms, four full bathrooms, three kitchens, and a kitchenette across three distinct living spaces: a cozy two-bedroom, one-bath unit; a spacious two-bedroom, one-bath unit with a lock-off suite and full bath; and a one-bedroom poolside suite with a full bath and kitchen. All units share a community laundry room and access to a stunning gunite pool. Currently generating $4,050 in gross monthly rent and $2,050 in net operating income, this property offers a strong debt service coverage ratio (DSCR) of 1.6, making it ideal for financing. The current below-market rents present significant potential for increased revenue through lease renewals or unit upgrades. The property features a durable metal roof, brick veneer, updated electrical systems, and fresh exterior paint. Situated in flood zone X, it requires no flood insurance. This turnkey investment is ready for immediate income generation and future appreciation in a high-demand area. The asking price is $249,900. Don't miss this chance to add a profitable property to your portfolio.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sulphur
- County
- Calcasieu Parish
- State
- Louisiana
- Longitude
- -93.3799737
- Latitude
- 30.223934
