320 South Dr Hwy 1 SOuth Hwy - Apartments FOR SALE


Natchitoches, LA 71457
$420,000 USD
817-366-2292
320 South Dr Hwy 1 SOuth Hwy, Natchitoches, LA for Sale
$420,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

320 South Dr Hwy 1 SOuth Hwy
Natchitoches, LA 71457


HIGHLIGHTS

  • Mixed-use property with two one-bedroom apartments and a freshly painted office space.
  • Two apartments currently leased, providing immediate rental income.
  • Prime Natchitoches location near downtown attractions, Northwestern State University, and major highways.

OVERVIEW

320 South Dr in Natchitoches, LA 71457 is a mixed-use property featuring two offices - one office in the front of the building with a reception area approximately 400 sq feet.The next office has an external fire door is approximately 300 sq ft. It has a small bathroom with a new sink and toilet.with a closet. There is a hallway to the back room which has outside access and a larger bath room with a bigger sink and toilet. There is a shower thats not hooked up to water / but could be. The building has central air / heat. The roof is good with no leaks. There are two apartments which are currently rented, providing consistent income, while the office is ready for immediate use. each apartment is approximately 600 sq ft with a bathroom / shower, toilet, sink, living room, stove, refrigerator, central air / heat and a brekfast area with an outside storage closet Situated in Natchitoches, Louisiana’s oldest settlement and a vibrant cultural hub, the area offers historic charm, popular dining and retail in downtown, and close proximity to Northwestern State University, Cane River Lake, and major routes including Highway 1 and I-49 for easy regional connectivity. This property is in an excellent location on the main strip - Hwy 1 South, Approximately 1-1/2 hours from Shreveport airport or Alexandria airport.

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

2

PRICE/UNIT

$210,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lot 1-A Block G of Shamrock Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,279 SF

ZONING

-

APN/PARCEL ID

0011307100

ASK ABOUT THIS PROPERTY

Dennis WagnerWagner InvestmentsMore Info
817-366-2292

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Dennis WagnerWagner InvestmentsMore Info
817-366-2292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.