3423 Brightside Dr
Property Description
This five-home rental portfolio is situated on 2 acres along Brightside Drive, just minutes from LSU campus. The property includes five detached condominium homes, each approximately 800 SF with a 2-bedroom, 2-bath layout. Each home is separately conveyable, providing flexibility for future individual resale. The portfolio is 100% occupied, generating $77,220 in scheduled annual rental income. The property currently yields an NOI of $52,928 and a Cap Rate of 8.0%. Located near LSU campus, the property is well suited for parents buying housing for a college student, or for investors seeking a low-maintenance rental. Zoned A1 (Single Family Residential).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $659,000 |
| No. of Units: | 5 |
| Lot Size: | 2.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $131,800 |
| Property Website | Click Here |
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