2505 Rhua Drive, Sulphur, LA 70663
Local realty services provided by:ERA Sarver Real Estate
Office: coldwell banker ingle safari r
MLS#:SWL24007174
Source:LA_SWLAR
Price summary
- Price:$1,149,000
- Price per sq. ft.:$59.44
About this home
Motivated seller says bring all OFFERS! Seize this incredible opportunity to own a profitable 20-unit apartment complex in the Maplewood area of Sulphur, ideally situated close to I-10. This investment property boasts a strong cash flow with low vacancy rates, making it an attractive option for investors. Comprising five separate buildings, each unit within the complex offers 2 bedrooms and 1 bathroom with an open floor plan that appeals to tenants. The owner is responsible for water and trash expenses only, as all units are individually metered for electricity, enhancing cost efficiency. Post-hurricane updates include new roofs and extensive interior remodels across most units, featuring fresh paint and modern finishes that enhance tenant appeal. Located in flood zone X, investors benefit from no mandatory flood insurance, further reducing overhead costs. Currently, rents are set at $750-$800 per unit per month, accumulating approximately $15,000 in total monthly revenue when fully occupied. With two units presently undergoing preparations for new tenants and available for showing on short notice via lockbox, this complex is nearly at full capacity. Annual property taxes are an affordable $4,072. The seller is presently NOT open to owner financing, paving the way for straightforward acquisition. With competitive pricing and strong income potential, this property is a must-see for serious investors. Act now to explore this excellent investment opportunity and consider making an offer on this high-demand rental property.
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Home facts
- Year built:1988
- Listing ID #:SWL24007174
- Added:356 day(s) ago
- Updated:December 30, 2025 at 11:51 PM
Rooms and interior
- Living area:19,331 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1988
- Building area:19,331 sq. ft.
- Lot area:0.78 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$59.44
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