Active
2505 Rhua Drive
Sulphur LA, 70663
$1,350,000
$69.84 per sqft
Active
19,331 sqft
Condos
Built in 1988
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.
SWL24007174
MLSⓇ ID
January 8, 2025
Listed
January 8, 2025
Updated
Map
2505 Rhua Drive
Sulphur LA, 70663
Interior Features
Total Stories
2
Interior Features
Kitchen/Family Room Combo, Tub Shower
Appliances
Electric Range, Refrigerator
Laundry Description
Washer Hookup, Electric Dryer Hookup, Inside
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.78 Acres
Lot Features
Back Yard, City Lot, Front Yard, Irregular Lot
Architectual Style
Traditional
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Garage
No
Parking
Driveway, Parking Lot
View
Yes
View Description
Neighborhood
County
Calcasieu
Water Source
Public
Pool
No
Pool Features
None
Courtesy of Coldwell Banker Ingle Safari R, Robbie Ingle,
Listing Contact: (337) 304-0481
Based on information from Greater Southern MLS as of 1/8/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Data last updated 7:37 PM UTC, 1/8/2025