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Listed by RE/MAX ONE
$ 1,250,000
Est. payment /mo
New
15 Center AVE Sulphur, LA 70663
10,503 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,503 sqft
Price per Sqft $119
MLS Listing ID SWL26004305
HOA Y/N No
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 123'X126'X124'X117'X10'X35'
Property Sub-Type Multi Family
Property Description
Investor grade 12 unit multifamily opportunity in Sulphur's Maplewood area, steps from Center Circle Park with pool, splash pad, playground, tennis and covered recreation. Approximately 10,503 SF across two 2-story buildings with (4) 1BR, (4) 2BR and (4) 3BR units. Owner reports a comprehensive post 2020 hurricane renovation including new roofs, water heaters, HVAC replacements, interior updates and appliances. Owner/operator upside is compelling: self-management, lease up of two apparent vacancies and a properly structured tenant water/sewer reimbursement program could increase NOI. Separately metered tenant electric, paved parking, coin laundry for the one bedroom units, and lies in Flood Zone X. Financial package available. Do not disturb tenants; advance appointment required.
Location
State LA
County Calcasieu
Area Other
Direction From Cities Service Hwy/Hwy 108, travel west on Maplewood Dr. Turn left on Center Circle, then left on Center Ave. Proceed to 15 Center Ave, Sulphur, LA 70663
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Water Access Desc Public
Present Use Multi-Family
Building
Lot Description 2-5 Units/Acre, City Lot
Water Public
Others
Tax ID 00658146
Special Listing Condition Standard
Nearby Locations