Address
405 N Gertrude Street, Abbeville, LA
Price
$ 807,500
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

Property vs Multi-Family Average in 70510

Price
AVG $590K
$810K
Visits
AVG 1553
168
Data Provided by Inside Real Estate®

Your Agent

Tracy Ethridge

Tracy Ethridge

Agent

337-317-4104

Listed By
Bg Realty & Management, Llc

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