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520 W Parish Road

Sulphur, LA 70663
  • $249,900
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: SWL24004697
Price Reduced
UPDATED: 33 min ago
$249,900
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

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 property has a durable metal roof, brick veneer, updated electrical, and fresh exterior paint, And since its located in flood zone X, no flood insurance is needed, adding even more appeal! Dont let this investment slip away! Schedule your showing today and explore the potential of adding this property to your investment portfolio. Measurements are M/L. Proof of Funds or Pre-Approval Letter REQUIRED before showings take place. Measurements are M/L.

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© 2024 Southwest Louisiana Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Century 21 Bono Realty. Data last updated: 2024-11-14T23:01:01.677.

Licensed in the State of Louisiana, USA. .
Century 21 Bono Realty || 337-478-1578 || Lake Charles, LA

www.louisianabestrealestate.com/homes/155935157
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520 W Parish Road Sulphur, LA 70663

  • Price: $249,900
  • Status: Active
  • On Site: 47 Days
  • Updated: 33 min ago
  • MLS #: SWL24004697
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1980
Built
County:
Calcasieu
Property Description
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 property has a durable metal roof, brick veneer, updated electrical, and fresh exterior paint, And since its located in flood zone X, no flood insurance is needed, adding even more appeal! Dont let this investment slip away! Schedule your showing today and explore the potential of adding this property to your investment portfolio. Measurements are M/L. Proof of Funds or Pre-Approval Letter REQUIRED before showings take place. Measurements are M/L.
Exterior Features

Architectural Style Traditional Construction Materials BrickHardiPlank Type Fencing FencedWood Foundation Details Slab Levels One Other Structures Storage Parking Features ConcreteParking Lot Pool Features CommunityGuniteIn Ground Pool Private YN No Roof Metal Spa Features None Spa YN No

Interior Features

Appliances DishwasherElectric OvenElectric RangeRefrigeratorWater Heater Common Walls 1 Common Wall Cooling Ceiling Fan(s)Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Radiant Heating YN Yes Interior Features Ceiling Fan(s)Storage Laundry Features Washer HookupElectric Dryer HookupInsideLaundry Room

Property Features

Association Fee 0 Association YN No Building Area Total 2950 Common Interest None Community Features Pool Gross Scheduled Income 50400 Land Lease YN No Listing Agreement Exclusive Right To Sell Lot Features Back YardCity LotFront YardRectangular Lot New Construction YN No Property Attached YN No Property Condition Turnkey Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public

Listing information © 2024 Southwest Louisiana Association of REALTORS MLS.
Listing provided courtesy of Coldwell Banker Ingle Safari R: (337) 478-1601.



© 2024 Southwest Louisiana Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Century 21 Bono Realty. Data last updated: 2024-11-14T23:01:01.677.

Licensed in the State of Louisiana, USA. .
Century 21 Bono Realty || 337-478-1578 || Lake Charles, LA

 
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Century 21 Bono Realty
4410 Nelson Rd
Lake Charles LA, 70605