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For sale
  • Price cut: $24K (5/23)
    $1,275,000

    2505 Rhua Dr, Sulphur, LA 70663

    --beds
    --baths
    19,331sqft
    : 
    Apartment, Multi Family
    Built in 1988
    -- sqft lot
    $-- Zestimate®
    $66/sqft
    $-- HOA

    What's special

    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.
    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

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    Next available tour time:Today at 12pm

    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

    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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