15 Center Ave, Sulphur, LA 70663

Property Description

Investor grade 12 unit multifamily opportunity in Sulphur’s Maplewood area, steps from Center Circle Park with pool, splash pad, playground, tennis and covered recreation. Approximately 10,503 SF across two 2-story buildings with (4) 1BR, (4) 2BR and (4) 3BR units. Owner reports a comprehensive post 2020 hurricane renovation including new roofs, water heaters, HVAC replacements, interior updates and appliances. Owner/operator upside is compelling: self-management, lease up of two apparent vacancies and a properly structured tenant water/sewer reimbursement program could increase NOI. Separately metered tenant electric, paved parking, coin laundry for the one bedroom units, and lies in Flood Zone X. Financial package available. Do not disturb tenants; advance appointment required.