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Gramercy, Louisiana 70052

  • 24 beds
  • 18 baths
  • 9600 sqft




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24 bedrooms, 18 baths, 9600 sqft. Built in 1980.

12-unit asset in Louisiana is now featured by AP-Deals!


Three 4-unit buildings are all in line with one another. Currently, 9 of the 12 units are occupied and renting at below-market value. Roof work is needed, and the three vacant units are due for updating.


The property currently cash flows approximately $6,300/mo on only 9 units. Potential cash flow is over $10,500/mo. Each building is over 3,200 square feet of livable space and features 2 bed, 1.5 bath 2-story units.


Tenants pay all utilities, with separate meters for electric & water. No Gas.


LEGAL NOTICE We have a legally binding contract with our Seller. Trying to go around us and direct to our seller is illegal and considered Tortious Interference of a Contract. Doing so will result in legal action. Please do not submit an offer if you are not serious about purchasing the property. (We will not work with you in the future if this is the case) We prefer a buyer who is willing to pay cash. Priority may be given to those who place early offers. Prior to scheduling a showing, we need to see proof of funds or a hard money commitment. You must do your own due diligence. Run your numbers & make sure the property makes sense for you. These are wholesale deals that's why they read "in contract." Showings: We will open the door one day/one time - all interested investors get inside and then go to highest and best - all offers required within 24 hours after the showing. NO PRIVATE SHOWINGS. Earnest Money Deposit: An EMD must be wired as soon as the Assignment Contract is signed. REMINDER: Earnest Money is non-refundable (unless the seller cannot produce a clean market title). Do not offer if you do not have every intention of closing on the property.


If you are interested in this deal, CLICK THE BUTTON ABOVE TO GET THIS DEAL.


Scott Matthews



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Property Facts

  • Purchase Price : $ 615K
  • After Repair Value : $ 920K
  • Property Type : Multi Family
  • Deal Type : Wholesale Deal
  • Year Build : 1980
  • Parking : Attached Garage
  • Lot Size : 43560 sqft
  • Zoning : Yes

Nearest Airport


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