712 Magnolia Street
Property Description
Income in place and room to add value make this Westlake duplex an opportunity worth exploring! Located at 712 Magnolia Street, the property offers two units, each with two bedrooms, one bathroom, and approximately 800 square feet of living space. One unit is currently rented for $550 per month on a month to month term to a long term renter, while the other is vacant and will need some repairs before it can be rented, allowing a buyer to improve the vacant side while maintaining an existing rental. The property needs some TLC and offers the opportunity to update the interiors, improve rental appeal, and work toward higher rental income. City utilities, separate meters, and tenant-paid utility bills are a plus for this property. Following repairs and updates, estimated rental potential is approximately $900 per month per unit, which would provide $1,800 in monthly gross rent when both units are leased at that rate. Whether adding to a rental portfolio or looking for a hands-on investment project, this duplex offers existing income and potential for improvement. Located in Flood Zone X. Need 24 hour notice for all showings.
Broker Details
Coldwell Banker Ingle Safari Realty (337) 478-1601
MLS ID: 2791 State License Number: 912122392
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $69,900 |
| Year Built: | 1966 |
| Lot Size: | 1,602.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SWLAAR-7580
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