Price Reduction
Address
46037 Rufus Bankston #224-227 Road, Hammond, LA
Price
$ 224,500
Property Attributes
  • MLS#2408385
  • TypeMulti-Family
  • ParishTANGIPAHOA
  • CityHammond
  • NeighborhoodKin Tally Sub
  • Zip70401
  • StyleTraditional
  • Price$ 224,500
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms4
  • Sqr Footage4352
  • Lot Size8,464 SqFt
Data Source:
Gulf South Real Estate Information Network
Property Description

This fourplex presents an incredible chance for seasoned investors looking to add to their portfolio. All four units are leased, generating a combined monthly income of $2,700/mo. This property promises an impressive and steady cash flow from day one. Did I forget to mention, the roof was replaced in 2022 and you know how favorable that is nowadays for your insurance premium. In addition, new (Sept 2023) condenser units were installed in #226 and #227 as well as a new (Sept 2023) air handler in 227. Don't miss out on this chance to purchase an asset that will reward you for years to come.

Price History
8/10/2023 Listed $235,000
10/12/2023 1% - $234,000
1/15/2024 2% - $229,900
3/27/2024 1% - $229,000
4/9/2024 1% - $228,500
4/23/2024 2% - $224,500

General Features

Sewer Public Sewer
Heating Window Unit
Cooling Window Unit(s)
Roof Shingle
Architectural Style Traditional
Pool Features None
Construction Materials Brick
Year Built 1978
Tenant Pays Electricity,Water
Stories 2
Levels Two
Property SubType Quadruplex
County Tangipahoa
Property Type Residential Income
Subdivision Name Kin Tally Sub
Status Active
Directions per GPS
City Hammond
Total Units 4
Street Name RUFUS BANKSTON #224-227
Year Built Details Resale,Remodeled structural changes - all major mechanical systems i.e. HVAC,Renovated cosmetic changes of at least 50% total living area - i.e. paint
Property Condition Average Condition,Repairs Cosmetic,Updated/Remodeled
Days on Market 111
Standard Status Active
Property Sub Type Additional Quadruplex
PostalCity Hammond
Legal Description LOT 4 KINTALLY APT OF SUB IN SEC 17 T6SR7E PHASE 5 B516 P610 B596 P290 B653 P839 B676 P844 B677 P166 B764 P381 B876 P123 B888 P292 B1255 P606 B1294 P225 B1321 P840-842 B1441 P178 B1505 P97

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Full Baths 4
Half Baths 4
Street Suffix Road
Total Bedrooms 8
LivingAreaSource Measured

Exterior Features

Parking Features Off Street,Parking Lot
Lot Features City Lot,Rectangular Lot
Water Source Public
Lot Size Area 0.1943
Foundation Details Slab
Lot Dimensions 240x100
Lot Size Acres 0.1943

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 70401

Price
AVG $290K
$220K
Visits
AVG 194
223
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1978