703 Mallard St, Kinder, LA 70648
sale
$3,200,000
|
Multi Family
Courtesy Of Coldwell Banker Ingle Safari Realty
Prime investment opportunity in Kinder near the Coushatta Casino featuring a 61-unit apartment complex with strong income and proven cash flow. The property consists of 32 brick-on-slab duplex-style buildings, including 6 one-bedroom units, 46 two-bedroom units, 8 three-bedroom units, and one 2-bedroom house. All units have one full bathroom, a full kitchen, living room, and separate bedrooms designed for tenant comfort and ease of maintenance. With shingle roofs and two dedicated parking spaces per unit, this complex benefits from low maintenance costs and excellent tenant convenience. The property maintains high occupancy rates, generating consistent revenue with low operating expenses, resulting in a high cap rate and attractive return on investment. Ideal for investors seeking a stable, turnkey multifamily asset in a growing market with strong rental demand. Don t miss this opportunity to add a high-performing portfolio to your investment holdings. Most units are occupied so need 24 hour notice for showings.
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Property Features
- Age: 41-50 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Ceiling Fan(s)
- Cooling System: Central Air
- Exterior Type: Brick
- Floors: 1
- Heating System: Central
- Legal Description: HE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE/4 OF NW/4) OF SECTION 35, TOWNSHIP 6 SOUTH, RANGE 5 WEST, WHICH POINT IS 187.8 FEET NORTH 6 DEG 10' EAST OF THE SOUTHEAST CORNER OF SAID NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE/4 OF NW/4) OF SECTION 35, TOWNSHIP 6 SOUTH, RANGE 5 WEST, ALLEN PARISH, LOUISIANA, THENCE NORTH 6 DEG 10' EAST A DISTANCE OF 439.3 FEET ALONG SAID EAST LINE OF THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER (NE/4 OF NW/4) OF SECTION 35, TOWNSHIP 6 SOUTH, RANGE 5 WEST TO THE SOUTH LINE OF THE EXTENSION OF EIGHT AVENUE IN THE TOWN OF KINDER, LA., THENCE NORTH 89 DEG 11' WEST A DISTANCE OF 468.9 FEET ALONG THE SOUTH LINE OF THE EXTENSION OF SAID EIGHT AVENUE TO A POINT, THENCE SOUTH 0 DEG 30' WEST A DISTANCE OF 391.7 FEET, TO A POINT ON THE NORTH LINE OF PROPERTY SOLD TO J.I. FOSSETT, ET AL, THENCE NORTH 89 DEG 25' EAST A DISTANCE OF 170 FEET ALONG SAID NORTH LINE OF PROPERTY SOLD TO J.I. FOSSETT, ET AL TO A POINT, THENCE SOUTH 0 DEG 30' WEST A DISTANCE OF 49
- MLSID: 351
- Parking Spaces: 122
- Roof Type: Shingle
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