6289 Hwy 70 N Highway is a $1,530,000 home on a 1.50 acre lot located in Belle Rose, LA.
3 apts rent for $22,800/ year. 54 climate controlled storage units @ $100/mo, 28 storage units at $80/mo. 26 storage units at $50/mo. 80% occupancy units rented for $81,180 year. Mechanic's shop and a list of equipment are included. Storage units and apartments have NEVER FLOODED. Potential rent could be, 20% increase on rental units=$97,416 + 3 apartments= $22,800 + efficiency/office = $6000 and Mechanics shop for $21,600= $147,816 or 8.7 %cap rate. Owner will finance 80% @ 3.5% for 30 years = $5497/mo
Three or More
Off Street Parking
Electricity Provided By - Cleco
Gas Type - None
Sold With Covenants and Restrictions - No
Sold With Covenants and Restrictions - Sold As Is - Yes
Lot Description - Gated Community
Lot Description - Irregular
Lot Description - City Limit - Yes
Based on information from the New Orleans Metropolitan Association of Realtors, last updated 08/21/2018 at 03:29am MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.