About 609 Race Street
Don't miss out on this great investment opportunity in Crowley, IT IS PRICED TO SELL! Please do not send offers below asking, this is listed better than the old 1% rule that is unheard of these days. The exterior is freshly painted. Each unit has a three bedroom, one bathroom configuration and spacious layout that includes a living room, dining area, kitchen, utility room, and bathroom. All units have individual water heaters and central HVAC. Separate utility room located next to the kitchen includes washer & dryer hookups. Units are individually metered for water and electricity (tenant expense). Owner pays trash service on a monthly basis. Housing vouchers will pay $1772 a month so if you get all on vouchers it would bring in $7088 per month for an excellent ROI. It is currently getting $5822 in rents. Unit A just moving in $1350. Unit B $1350 MTM wants to stay, Unit C $1350 MTM and wants to stay. Unit D $1772 MTM has been there for over 5 years.
Seller disclosure and survey are in the docs along with an AS-IS appraisal for $550k and the inspection report so there are no surprises. Reason for selling is bigger investment opportunity.
