Seize this incredible opportunity to own a profitable 20-unit apartment complex in the Maplewood area of Sulphur, ideally situated close to I-10. This investment property boasts a strong cash flow with low vacancy rates, making it an attractive option for investors. Comprising five separate buildings, each unit within the complex offers 2 bedrooms and 1 bathroom with an open floor plan that appeals to tenants. The owner is responsible for water and trash expenses only, as all units are individually metered for electricity, enhancing cost efficiency. Post-hurricane updates include new roofs and extensive interior remodels across most units, featuring fresh paint and modern finishes that enhance tenant appeal. Located in flood zone X, investors benefit from no mandatory flood insurance, further reducing overhead costs. Currently, rents are set at $750 per unit per month, accumulating approximately $15,000 in total monthly revenue when fully occupied. With two units presently undergoing preparations for new tenants and available for showing on short notice via lockbox, this complex is nearly at full capacity. Annual property taxes are an affordable $4,032. The seller is presently not open to owner financing, paving the way for straightforward acquisition. With competitive pricing and strong income potential, this property is a must-see for serious investors. Act now to explore this excellent investment opportunity and consider making an offer on this high-demand rental property.
Great 2 for 1 find next to the Grove at Heritage Square, right in the middle of all the best Sulphur has to offer. Live in one and rent the other or have two rentals on the same lot for easy maintenance. Both homes got a new roof after 2020 and they've both been updated with fresh paint inside and out and kitchen and bath remodels. The 1700 sq ft front house has 2 beds and 2 full baths with 2 living areas, a fantastic kitchen and separate dining area, 9 ft ceilings and a huge pantry/laundry room. The cozy back house is 700 sq ft with 1 huge bedroom (12 x 20) and nicely appointed kitchen and bath. Both homes come with washer, dryer, refrigerator, dishwasher and range-oven.
Looking for an investment, look no further. This property includes 5 units (All units are rented). Three units are a 2bed/1 bath, there is also a 3bed/ 1 bath and one 3bed/2 bath. All the trailers have been rented for over $700 a month. Owner currently pays $388.80 a month for Water, Trash, and Sewer. Tenants are responsible for the electricity. All units include a washer, dryer, water heater, Range, and Fridge.
Welcome to this charming fully occupied duplex located in the heart of town. This income-generating property is a rare find with both units currently tenanted, offering a smart investment opportunity for savvy buyers. Unit #1 This unit is rented and in good condition, offers a kitchen off the living room, 2 bedrooms and 1 bath. Tenants enjoy the convenience of in-unit laundry and ample storage space throughout. Unit #2 This unit has been completely remodeled with new subfloors, Sheetrock walls, custom cabinetry, lighting and appliances. The property's proximity to town amenities, schools, and parks makes it a desirable location for tenants seeking convenience and a sense of community. The motivated seller (price reflected) is eager to move this property quickly, presenting an excellent opportunity for investors or those looking to generate rental income. Don't miss your chance to own a fully occupied duplex in a prime location with great potential! Call to schedule a viewing today and imagine the endless possibilities this property holds for you. All measurements are more or less.
Welcome to this charming quadplex townhome community in Sulphur, where comfort meets convenience! Each of the 2-bedroom, 2-bath townhomes in this lovely neighborhood provides 1,108 square feet of living space, perfectly designed to accommodate your lifestyle. Step inside to find a modern interior with sleek granite countertops throughout the home. The kitchen shines with stainless steel appliances, making cooking and entertaining a delight. The vinyl flooring on the first floor offers both beauty and durability, ideal for daily activity. Upstairs, the bedrooms provide a cozy retreat with soft carpeting underfoot. Each bedroom is generously sized and features its own private bathroom, ensuring privacy and ease for everyone. Located near essential amenities, these townhomes put you within easy reach of schools, churches, hospitals, and businesses. Whether you’re looking to stay fit at nearby workout facilities or enjoy a day out shopping, everything you need is just around the corner. This property not only promises a comfortable living space but also a convenient lifestyle, making it a great choice for anyone looking to call Sulphur home. Measurements are M/L. Flood Zone X. Three units are currently leased. Leases available upon request to view. The property was approved to build an additional 7 more units on the property. The legal address is 410 and 414 Cypress Street. Unit 3 - $1,250 a month includes water, sewer & trash, Unit 4 - $1,050 a month does not include any utilities, Unit 2 - $1,250 a month includes water, sewer & trash, Unit 1 - $1,050 a month does not include any utilities (long term lease 3 years started on 8/1/24)
Sulphur is located in Louisiana. Sulphur, Louisiana has a population of 21,490. Sulphur is more family-centric than the surrounding county with 30.84% of the households containing married families with children. The county average for households married with children is 30.36%.
The median household income in Sulphur, Louisiana is $50,797. The median household income for the surrounding county is $59,470 compared to the national median of $69,021. The median age of people living in Sulphur is 38.6 years.
The average high temperature in July is 91.2 degrees, with an average low temperature in January of 39.7 degrees. The average rainfall is approximately 63.3 inches per year, with 0 inches of snow per year.
