Property Attributes
- MLS#24000885
- TypeMulti-Family
- ParishVERMILION
- CityAbbeville
- AreaV1
- NeighborhoodHartwell Addition
- Zip70510
- Style
- Price$ 807,500
- Bedrooms16
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13895
- Lot Size0.62 Acres
Data Source:
REALTOR® Association of Acadiana (LBRMLS)
Property Description
Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $525 to $675, with a monthly occupied rent of $8,410 and significant market rent potential.Occupancy: High and stable, with a current rate of 87.5% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconieson the second story. Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers. Parking: Ample parking spaces available for all residents, ensuring convenience and ease. Income and Expenses: Additional income through water/sewer reimbursements ($20-$30 per unit/month). Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs. Location Perks: Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience. Close proximity to local amenities including parks, shopping centers, and restaurants. Investment Highlights: A well-maintained property with a consistent track record of high occupancy and reliable income. Potential for rent increases to align with market rates. Meticulous care ensures reduced future maintenance costs.
Elementary School | Middle School | High School |
---|---|---|
Eaton Park Elementary School | J H Williams Middle School | Abbeville High School |
Price History | |
---|---|
1/30/2024 | Listed $850,000 |
3/4/2024 | 5% - $807,500 |
General Features
Construction | Frame |
---|---|
Heating | Central |
Cooling | Central Air |
Roof | Composition |
Appliances | Refrigerator |
Parking | Assigned |
Tenant Pays | Broadband/Internet Access,Cable/Sat TV,Electric |
REO | No |
Subdivision | Hartwell Addition |
Miscellaneous | Broadband Internet Connection |
Type | Apartment/Multi-Family |
Property Type | B |
Area | V1 |
Financing | Cash,Conventional |
Age | 31 - 40 Years |
Acres | 0.62 |
Directions | LOTS 8,9,10,11 HARTWELL ADD. 2017007787 IMP |
City | Abbeville |
Middle School | J H Williams |
Individual Metered? | Yes |
Assn Fee | None |
High School | Abbeville |
Elementary School | Eaton Park |
Legal Description | LOTS 8,9,10,11 HARTWELL ADD. 2017007787 IMP |
Interior Features
Total Number of Units | 16 |
---|---|
Unit 1 Features | Dining Room,Master Bedroom,Porch/Patio/Deck,Walk-in Closet |
Unit 2 Features | Dining Room,Master Bedroom,Porch/Patio/Deck,Walk-in Closet |
List Price/SqFt | 58.11 |
SqFt - Total | 13895.00 |
Exterior Features
Exterior | Balcony,Landscaped |
---|---|
Water/Sewer | Public Sewer,Public Water |
Foundation | Slab |
Siding | Brick,Other |
Fencing | None |
Total Parking Spaces | 20.00 |
Mineral Rights | Conveyed |
Lot | 8,9,10,11 |
Lot Dimensions | 138 X 195 |
Lot | Additional Land Avai |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool