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.
| Date | Price |
|---|---|
| -- | New Value: $807,500 |
| 3/4/2024 9:23:07 AM | New Value: $807,500 |
| 1/30/2024 1:38:00 PM | New Value: $850,000 |