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.

©2025 Greater Southern MLS. All rights reserved.

Data last updated 7:37 PM UTC, 1/8/2025

 

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