700 Bossier St, Natchitoches, LA, LA 71457

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Sold Price
$839,500
List Price
$995,000
Closing Date
Jun 25, 2024
MLS#
20435109
Status
CLOSED
Type
Commercial
Subtype
CommercialSale
Year Built
1977
Construction Status
New Construction - Complete
Acres
0.56
Living Area
12,000
County
Natchitoches
City
Natchitoches
Subdivision
N27

Property Description

700 Bossier St, Natchitoches, La value add 12 units total multi-family apartments, Consist of 2 bedroom 1 full bath. Central AC Heat, no window units. 2 separate units which consist of Apt 1-6, with the second unit consisting of 12-18. Large common space between units with iron fence. Would be great as a washateria residents and or bbq area-hangout for residents. 11 of 12 Units renovated or currently under renovation. 1 unit not renovated due to long term tenant. Current rent is $800 for renovated units, could be $1000 with current rent markets. Long term tenant currently pays $525 for unrenovated unit. Walking distance to Northwestern State University and downtown Natchitoches, Perfect for an investor looking to add to current rental portfolio. Current residents pay electric, landlord pays water. New roof will be added before sale takes place. Square footage, lot dimensions, are to be verified by the buyers agent.

Additional Information

Lot Size
24,393
Acres
0.56
Lot Description
Corner Lot
Flooring
Laminate
Foundation
Slab
Roof
Asphalt
Building Stories
2
Parking Garage
Assigned, Paved
Possession
CloseOfEscrow
Inclusions
Land & Improvements

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Calculator source: Real Geeks

Listing courtesy of Kelly Garcie from Call It Closed International, Inc.. Contact: (833) 242-7007

Selling Office: Osborn Hays Real Estate, LLC.

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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