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Listed by Scott Leo • Cypress State Realty
$ 274,000
Est. payment | /mo
5 Beds
$ 274,000
Est. payment | /mo
5 Beds
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Crescent Bend
MLS Listing ID 218620
Bedrooms 5
Property Sub-Type Single Family Residence
Property Description
Excellent investment opportunity on the bayou! This large site-built property was originally constructed as a duplex and is currently leased to the Oxford Foundation as a sober living home, producing $2,100 per month in rental income. The property has maintained strong occupancy and stable rental history since the seller acquired it in 2023. Situated on a waterfront lot with a spacious backyard, this concrete-on-slab property features 5 bedrooms, 3 bathrooms, two living rooms, and two large kitchens, one on each side of the home. The layout offers flexibility for investors, with the potential to convert the property back into a traditional duplex in the future. Additional features include two central air and heat systems, updated sewer lines, and plumbing improvements throughout the property. Located in a desirable area close to local amenities, this property offers strong current cash flow with future value-add potential. Seller will have tree limbs in the yard cleaned up prior to closing. Owner/Agent
Location
State LA
County Ouachita
Interior
Interior Features Ceiling Fan(s), Other
Heating Central
Cooling Electric
Fireplaces Number 1
Fireplaces Type One
Appliance Dishwasher, Refrigerator, Range Hood
Laundry In Unit
Exterior
Roof Type Architectural Style
Private Pool false
Building
Lot Description Outdoor Lighting
Foundation Slab
Sewer Public Sewer
Water Other, Electric Company: City