House for sale

Overview

Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $525 to $675, with a monthly occupied rent of $8, 410 and significant market rent potential.Occupancy: High and stable, with a current rate of 87.5% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconies on the second story. Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers. Parking: Ample parking spaces available for all residents, ensuring convenience and ease. Income and Expenses: Additional income through water/sewer reimbursements ($20-$30 per unit/month). Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs. Location Perks: Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience. Close proximity to local amenities including parks, shopping centers, and restaurants. Investment Highlights: A well-maintained property with a consistent track record of high occupancy and reliable income. Potential for rent increases to align with market rates. Meticulous care ensures reduced future maintenance costs. For more details and to contact: https://realtyww.info/homes_abbeville-d535475/for-sale_i68164032