5636 JUDGE PEREZ Drive $899,000

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    5636 JUDGE PEREZ Drive Violet, LA 70092

    Active Under Contract
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    • 9,400 sq. ft.
    • Commercial
    • MLS# 2448750
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    Views: 42 Days On Site: 193

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    Property Details

    ONLY 1 VACANT UNIT! Current monthly gross income is $12,084. Introducing 5636-38 E. Judge Perez Drive, a mixed- use commercial/residential property located in Violet, LA. This well-maintained 14-unit building consists of (7) 1 Bedroom 1 Bathoom units on the second floor and (7) commercial units on the ground floor. The convenience store located in the front of the building occupies (3) of the commercial units with a monthly rent of $3,000. Building has a NEW ROOF that was put on in 2023. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Rents on the second story residential units have been raised from $700 to $800 and for units A & B the rent has been increased to $1,147 per month. The market rate for the commercial units is $1,000 per month with the end cap taking up 3 spaces for $3,000 per month. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 5636-38 E. Judge Perez Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

    Contact

    David Dominguez

    Associate

    Louisiana

    RE/MAX Northlake Associates

    Covington, LA

    Direct: 985-867-3629

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $899,000
    8/21/2024 10:07:48 AM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
    5/15/2024 10:38:00 AM New in Database Source: Multiple Listing Service New Value: $899,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.