Residential Land for Sale in Denham Springs, Louisiana
8524 Lockhart Rd Denham Springs, LA 70726
Great investment opportunity with 7 manufactured homes that have been well-maintained on approximately 350x153 tract of land. The location is convenient to Range Rd and Magnolia Bridge Road. There are 6 consisting of 3 bedrooms, 2-bath, and 1 consisting of 2-bedroom, 1-bath. Unit 7 is 840 sq. ft. and $900 a month in rent. Each has an 8'x10' covered porch and designated parking. The property side and rear perimeter have a 6' privacy fence. Water and Sewer are public and tenant is responsible for their own utilities. Six residents are currently leased with one available for lease. The current gross rent for 6 leased residents is $5,400 per month. Potential Gross rent of $6,275 per month or $75,300 per year before expenses. Investor return estimate can be provided. All appliances to remain. Don't miss your opportunity to own this incredible investment opportunity.
Directions
From I-12 Exit at Denham Springs. Go north towards Watson on S Range. proceed 5 miles to 4 way light at Lockhart. Take right. Go 1 mile. properties on the right
Location
- Street Address
- 8524 Lockhart Rd
- Parish
- Livingston Parish
- Community
- Magnolia Estates
- School District
- Livingston Parish
- Elevation
- 49 feet
Property details
- MLS Number
- GBRMLS 2024020431
- Date Posted
Legal description
LOT 121, 122, 123, 124, 125, 126, 127, MAGNOLIA EST Livingston Parish
Detailed attributes
Listing
- Type
- Residential Multi Family
- Franchise
- Keller Williams Realty
Structure
- Stories
- 1
- Materials
- Vinyl Siding
- Roof
- Composition, Shingle
- Heating
- Central Furnace
Exterior
- Parking Spots
- 14
- Parking
- Assigned
- Features
- Porch
Interior
- Appliances
- Cooktop, Dishwasher, Electric Cooktop, Washer
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Dec 26, 2024 | Under contract | $499,900 | — | GBRMLS |
Nov 9, 2024 | Listing removed | $499,900 | — | Listing agent |
Nov 7, 2024 | New listing | $499,900 | — | GBRMLS |