Seize this incredible opportunity to own a profitable 20-unit apartment complex in the Maplewood area of Sulphur, ideally situated close to I-10. This investment property boasts a strong cash flow with low vacancy rates, making it an attractive option for investors. Comprising five separate buildings, each unit within the complex offers 2 bedrooms and 1 bathroom with an open floor plan that appeals to tenants. The owner is responsible for water and trash expenses only, as all units are individually metered for electricity, enhancing cost efficiency. Post-hurricane updates include new roofs and extensive interior remodels across most units, featuring fresh paint and modern finishes that enhance tenant appeal. Located in flood zone X, investors benefit from no mandatory flood insurance, further reducing overhead costs. Currently, rents are set at $750 per unit per month, accumulating approximately $15,000 in total monthly revenue when fully occupied. With two units presently undergoing preparations for new tenants and available for showing on short notice via lockbox, this complex is nearly at full capacity. Annual property taxes are an affordable $4,032. The seller is presently NOT open to owner financing, paving the way for straightforward acquisition. With competitive pricing and strong income potential, this property is a must-see for serious investors. Act now to explore this excellent investment opportunity and consider making an offer on this high-demand rental property.
For sale
Price cut: $24K (5/23)
$1,275,000
2505 Rhua Dr, Sulphur, LA 70663
--beds
--baths
19,331sqft
Est.:
Apartment, Multi Family
Built in 1988
-- sqft lot
$-- Zestimate®
$66/sqft
$-- HOA
What's special
- 215 days
- on Zillow |
- 57 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 11:25am
Listed by:
Robbie Ingle 337-304-0481,
Coldwell Banker Ingle Safari Realty 337-478-1601
Source: SWLAR,MLS#: SWL24007174
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Shower in Tub
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 19,331
- Total interior livable area: 19,331 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.78 Acres
- Dimensions: 254 x 140
- Features: Back Yard, Front Yard, Irregular Lot
Details
- Additional structures: Outbuilding
- Parcel number: 00763837
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Apartment, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Updated/Remodeled,Turnkey
- New construction: No
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Sulphur
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $375,700
- Annual tax amount: $4,042
- Date on market: 1/8/2025
- Electric utility on property: Yes
- Road surface type: Maintained
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