207 Carl Street, Leesville, LA 71446

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Building Details:

• Year Built: 1984

207 Carl Street is located in Leesville, LA.

This is a very profitable Multifamily Rental Property that contains two gorgeous buildings in excellent condition. They were built in 1984 and completely updated between 2010-2011.

Capitalization Rate is 14%
Each building contains 4 apartments.

Yearly Gross income: $66,720
Yearly Expenses: $15,972

Yearly Net Profit: $50,748

The lot size is .43 acres. Each building is 8850 square feet.

Each building contains 4 apartments.

There are eight (8) apartments in all, each containing 3 or 2 bedrooms and 1.5 baths. The apartment size is 1013 sq ft. for each apartment.

There are:

Five 3 bedroom apartments
Three 2 bedroom apartments

Open Living/ Dining Area. Fully Furnished Kitchens with abundant cabinetry.
Each building has its own Laundry room, shared by all tenants.

In the back yard there is a rest area with a large table with benches, and a large storage room where tenant can store items that cannot fit in their apartment. Currently there is no extra charge for using that storage space.

The apartments are currently renting for $695 per month, and the lease contract is for 6 months after which the tenant pays month by month.

For more information please contact the agent.