Published on: Wednesday, July 31, 2024
Updated on: Wednesday, July 31, 2024
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About the Lister
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Name: Chris Talbot
Company: Talbot Realty Group
Office Phone: (504) 319-1452
Cell Phone: (504) 319-1452
Provide Your Service
Financing  Business  Material
  Commercial property
308 Ruby St Gretna Louisiana , 70056
308 Ruby St Gretna Louisiana                                                                                           , 70056  Talbot Realty Group
Listing ID: CL-Louisiana-11137

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 35.83
Net Operating Income: $514,536.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Louisiana-11137
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: N/A
Building Size: N/A SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | 56-Units Terrytown 01.04.23.pdf ( 7,322.17KB)
Listing Summary
The seller has been purchasing homes since 2010 and has performed significant renovations in the absence of tenants or during turnovers, while providing cosmetic improvements on homes that have remained occupied.
Complete Details
Year Build: N/A
Building Size: N/A SqFt.
No of Stories: 1
Total Lot Area: N/A Acre
No of Parking: N/A
No of Total Units: 8
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
The seller has been purchasing homes since 2010 and has performed significant renovations in the absence of tenants or during turnovers, while providing cosmetic improvements on homes that have remained occupied. The portfolio is managed by the owner's professional property management company, who has maintained the properties in quality condition. The 14 subject properties are clustered in Terrytown, LA. The portfolio is currently 100% leased. The units range in size from 1,032 – 1,717 square feet with an average size of 1,300 square feet. The seller has been successful in raising the rents to market rate in 2023. The property management company may stay involved for a fee
Additional Properties
Property Highlights
  • 4 vacants lots
  • The seller has been purchasing homes since 2010 and has performed significant renovations in the absence of tenants or during turnovers, while providing cosmetic improvements on homes that have remained occupied.
  • 100% Leased
  • 8 Rental Units 2, 4-Plexes
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$768,000.00
$0.00
$0.00
$514,536.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
Lister's other Properties
Address: 20 The Banks_hwy Hwy #16, , Franklinton Louisiana 70438
Listing ID: RL-Louisiana-25524
Listing Type: Residential
Category: Residential Type - Vacant Land
Status: Accepting Offers
Created On: 6/5/2025
Modified On: 6/5/2025
20 The Banks_hwy Hwy #16, , Franklinton Louisiana                                                                                            70438
Address: 19 The Banks_hwy Hwy #16 , Franklinton Louisiana 70438
Listing ID: RL-Louisiana-25523
Listing Type: Residential
Category: Residential Type - Vacant Land
Status: Accepting Offers
Created On: 6/5/2025
Modified On: 6/5/2025
19 The Banks_hwy Hwy #16 , Franklinton Louisiana                                                                                            70438
Address: 11 The Banks Dr #16, Franklinton, , Franklinton Louisiana 70438
Listing ID: RL-Louisiana-25522
Listing Type: Residential
Category: Residential Type - Vacant Land
Status: Accepting Offers
Created On: 6/5/2025
Modified On: 6/5/2025
11 The Banks Dr #16, Franklinton, , Franklinton Louisiana                                                                                            70438
Address: 10 The Banks Highway Hwy #16, , Franklinton Louisiana 70438
Listing ID: RL-Louisiana-25521
Listing Type: Residential
Category: Residential Type - Vacant Land
Status: Accepting Offers
Created On: 6/5/2025
Modified On: 6/5/2025
10 The Banks Highway Hwy #16, , Franklinton Louisiana                                                                                            70438
Address: 12 The Banks Highway Hwy #16, , Franklinton Louisiana 70438
Listing ID: RL-Louisiana-25520
Listing Type: Residential
Category: Residential Type - Vacant Land
Status: Accepting Offers
Created On: 6/5/2025
Modified On: 6/5/2025
12 The Banks Highway Hwy #16, , Franklinton Louisiana                                                                                            70438