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24-Unit Apartment Complex w/ Additional Land 111-131 Teresa Dr 24 Unit Apartment Building $2,433,802 CAD ($101,408 CAD/Unit) 7% Cap Rate Saint Martinville, LA 70582
Investment Highlights
- Stays Fully Leased
- Flood Zone "X"
- Great Location
Executive Summary
24 Unit Apartment Complex For Sale
- Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each
- Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each
- All leases are for 6 month terms
- Approximately 0.86 additional acres included could be used for additional apartments
- Has laundry facility on site
- NOI is $125,000.00, 7% CAP Rate
- Stays fully leased
- Flood Zone "X' - no flood
- Also available, 136-Unit Mini-Storage Unit
- Twelve (12) 2 Bedroom, 1 Bath units @ 840 SF each
- Twelve (12) 1 Bedroom, 1 Bath units @ 720 SF each
- All leases are for 6 month terms
- Approximately 0.86 additional acres included could be used for additional apartments
- Has laundry facility on site
- NOI is $125,000.00, 7% CAP Rate
- Stays fully leased
- Flood Zone "X' - no flood
- Also available, 136-Unit Mini-Storage Unit
Financial Summary (Actual - 2021) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,433,802 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $101,408 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.73 AC |
| Cap Rate | 7% | Building Size | 21,684 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | Multi - Multi-Family | ||
| Price | $2,433,802 CAD |
| Price Per Unit | $101,408 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 21,684 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | Multi - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 720 |
| 2+1 | 12 | - | 840 |
Property Taxes
| Parcel Number | 15801B2331 | Improvements Assessment | $117,349 CAD (2025) |
| Land Assessment | $4,840 CAD (2025) | Total Assessment | $122,189 CAD (2025) |
Property Taxes
Parcel Number
15801B2331
Land Assessment
$4,840 CAD (2025)
Improvements Assessment
$117,349 CAD (2025)
Total Assessment
$122,189 CAD (2025)
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24-Unit Apartment Complex w/ Additional Land | 111-131 Teresa Dr
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