$249,900
Calculate Payment
Calculate Payment
W Parish Road Unit 520 Sulphur, LA 70663
Duplex
Residence
Beds
Baths
...
Bed/Bath
2,950
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
A fantastic multi family investment opportunity, located in a prime location near Sulphur's recreation and aquatic center, plants and baseball diamonds on the west side of Sulphur. This fully furnished income-generating gem features several distinct living spaces, including a cozy 2-bedroom, 1 bath ...unit, a larger spacious 2-bedroom, 1-bath unit with a lock off suite, full bath and another 1 bedroom poolside suite with full bath and kitchen, bringing a total of 6 bedrooms, 4 full bathrooms, 3 kitchens, and 1 kitchenette to this amazing property. All suites have access to a shared community laundry room and a stunning Gunite pool—perfect for relaxation and leisure. This cash flowing property is currently fully rented, generating $4,050.00 per month in gross rent with a monthly net operating income of $2,050.00 making it a perfect candidate for an investment loan. A debt service coverage ratio or DSCR of 1.6 can comfortably service this investments debt. This rental property presents a lucrative opportunity for increased rental income. Currently under-market rent values provide potential for substantial revenue growth with lease renewals or by updating and enhancing the units. Ideal for investors looking to capitalize on a promising property in a high-demand area. Seize the chance to boost your investment returns in the near future. This property has a durable metal roof, brick veneer, updated electrical, and fresh exterior paint, And since it’s located in flood zone X, no flood insurance is needed, adding even more appeal! Don’t let this investment slip away! Schedule your showing today and explore the potential of adding this property to your investment portfolio.
Continue reading
MLS#
SWL24004697
Property Type
Duplex
Year Built
1980
Square Feet
2,950
sq. ft
Lot Size
0.35
Stories
1.0
Sewer
Sewer Connected, Public Sewer
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Enter your work address to view actual drive times with traffic for this property.
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-981-2030.