1004-1008 Marco Jackson Drive, Breaux Bridge, LA 70517

Property Description

TWO multifamily properties priced to sell! This property is being offered $26,000 below the 2026 appraised value of $375,000. Excellent investment opportunity to add two buildings and seven income-producing units to your portfolio. The 4-plex features four 806-square-foot units, totaling 3,224 square feet, while the triplex features three 810-square-foot units, totaling 2,437 square feet. Each unit is separately metered for electricity and water, helping reduce owner-paid utility expenses and maximize cash flow. The property is currently generating $4,000 per month in gross rental income, with 6 of the 7 units currently leased. The triplex features rents of $550, $700, and $600 per month and is equipped with window A/C units, while the 4-plex features central HVAC systems and current rents of $700, $700, and $750 per month, with one additional unit currently available that is expected to rent for $700 per month. Once fully leased, the projected gross rental income will increase to approximately $4,700 per month. Tenants enjoy ample off-street parking with a large gravel parking lot. Major capital improvements include both roofs being less than 5 years old, while the A/C systems, plumbing, and electrical have been updated as needed. An additional lot at the rear of the property offers future development potential, providing an opportunity to add even more value. The owner currently pays for trash service and lawn care. Lawn maintenance is approximately $125 every two weeks for regular mowing or $250 every two weeks when including weed treatment. Annual property taxes are approximately $1,184.50, and insurance is currently approximately $4,000 per year. Property is being sold as-is, making this an excellent opportunity for investors looking to expand their portfolio with a cash-flowing asset and future upside potential. No showings without an accepted offer. The listing address may not register on GPS. Use 1040 Caliste Olivier Road, Breaux Bridge, LA 70517.