520 W Parish Road

Sulphur, LA 70663

A fantastic multi family investment opportunity, located in a prime location near Sulphur's recreation and aquatic center, plants and baseball diamonds on the west side of Sulphur. This fully furnished income-generating gem features several distinct living spaces, including a cozy 2-bedroom, 1 bath unit, a larger spacious 2-bedroom, 1-bath unit with a lock off suite, full bath and another 1 bedroom poolside suite with full bath and kitchen, bringing a total of 6 bedrooms, 4 full bathrooms, 3 kitchens, and 1 kitchenette to this amazing property. All suites have access to a shared community laundry room and a stunning Gunite poolperfect for relaxation and leisure. This cash flowing property is currently fully rented, generating $4,050.00 per month in gross rent with a monthly net operating income of $2,050.00 making it a perfect candidate for an investment loan. A debt service coverage ratio or DSCR of 1.6 can comfortably service this investments debt. This rental property presents a lucrative opportunity for increased rental income. Currently under-market rent values provide potential for substantial revenue growth with lease renewals or by updating and enhancing the units. Ideal for investors looking to capitalize on a promising property in a high-demand area. Seize the chance to boost your investment returns in the near future. This property has a durable metal roof, brick veneer, updated electrical, and fresh exterior paint, And since its located in flood zone X, no flood insurance is needed, adding even more appeal! Dont let this investment slip away! Schedule your showing today and explore the potential of adding this property to your investment portfolio.

This is an Active listing.

Broker Office Phone Number: 337-478-1601

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