Thank you
Mason Mccullough
Bridgewater Realty Advisors, LLC
504-298-8631
INCREASED RENT! Introducing 5636-38 E. Judge Perez Drive, a mixed- use commercial/residential property located in Violet, LA. This well-maintained 14-unit building consists of (7) 1 Bedroom 1 Bathoom units on the second floor and (7) commercial units on the ground floor. The convenience store located in the front of the building occupies (3) of the commercial units with a monthly rent of $3,000. Building has a new roof that was put on in 2023. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Rents on the second story residential units have been raised from $700 to $800 and for units A & B the rent has been increased to $1,147 per month. The market rate for the commercial units is $1,000 per month with the end cap taking up 3 spaces for $3,000 per month. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 5636-38 E. Judge Perez Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.
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Total Bedrooms : 7
Full Baths: 7
Half Baths: 0
Water Source : Public
Sewer : Public Sewer
Total Square Feet Living :9400
Total Rooms: 0
Roof : Shingle
Cooling Features: Central Air,Window Unit(s)
Heating Features: Central,Window Unit
Year Built: 1980
Roof: Shingle
Lot Features: City Lot,Rectangular Lot
SQ ft: 9,400
Source Listing Status: Active
Property Subtype: Commercial,Residential
Building Exterior Type: Brick Veneer,Frame
Foundation Details: Slab
Property Age: 44
Property Condition: Average Condition
Levels or Stories: Two
Original List Price: $929,000
Parcel Number: 087261
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2432 Colonial Boulevard, Violet, LA,70092 | $18,000 | -- | -- | -- | -- |
2617 Riverbend Drive, Violet, LA,70092 | $25,000 | -- | -- | 11,400 | -- |
2236 River Queen Drive, Violet, LA,70092 | $185,000 | 3 | 1 | 1,174 | -- |
2605 Reunion Drive, Violet, LA,70092 | $32,500 | -- | -- | -- | 0.1462 Acre |
2609 Reunion Drive, Violet, LA,70092 | $32,500 | -- | -- | -- | 0.1462 Acre |
2608 Guerra Drive, Violet, LA,70092 | $30,000 | -- | -- | -- | 0.12 Acre |
2604 Guerra Drive, Violet, LA,70092 | $69,900 | -- | -- | -- | 0.2466 Acre |
2808 Reunion Drive, Violet, LA,70092 | $84,999 | 3 | 2 | 1,608 | -- |
2909 Moss Ln, Violet, LA,70092 | $197,500 | 3 | 3 | 2,250 | 0.17 Acre |
2501 Repose Street, Violet, LA,70092 | $26,000 | -- | -- | 5,040 | 0.1157 Acre |
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ByOwner last updated this listing 04/28/2024 @ 22:42
MLS: 2438950
LISTED BY: Mason McCullough, Bridgewater Realty Advisors, LLC
SOURCE: NOMAR
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.