230 Armentine Cove, Breaux Bridge, LA 70517 (MLS# 24009695)

230 Armentine Cove, Breaux Bridge, LA 70517

$1,482,000
Property Type: MultiFamily Square Footage: 11,488 Lot Size (sq. ft.): 56,192 Status: Active
Current Price: $1,482,000 List Date: 10/16/2024 Last Modified: 5/31/2025

Description

A unique opportunity awaits to acquire a package of 10 single-family homes in the heart of Breaux Bridge. These properties, located at 230, 236, 242, 248, 260, 266, 272, 302, 308 Armentine Cove (3bed/ 2 bath), and 254 Armentine Cove (4 bed/ 2 bath), offer incredible potential for both immediate rental income and long-term appreciation. This portfolio presents a compelling opportunity to generate strong cash flow and build equity. In fact, the portfolio boasts an impressive annual income of $145,200. This turnkey investment allows you to hit the ground running with minimal effort. The homes are ready for immediate rental or resale, providing flexibility and maximizing your return on investment. By diversifying your portfolio across multiple properties, you can mitigate risk and enhance your financial stability. Moreover, managing multiple homes within the same area allows for economies of scale, streamlining maintenance and operations. And with all roofs replaced in 2020, you can rest assured knowing these homes are in excellent condition. These well-maintained residences boast spacious living areas, perfect for relaxation and entertaining, and private yards offering a tranquil outdoor retreat. Ample parking ensures convenience for residents and guests alike. Don't miss out on this exceptional opportunity to expand your real estate portfolio and capitalize on the growing Breaux Bridge market. This 10-home package is part of a larger portfolio of 40 homes, offering even greater investment potential. 5 home package MLS # 24009681.

Supplements: ********

More Information MLS# 24009695

Listing Info

Status: Active Listing Date: 2024-10-16 Listing Price: 1482000 Current Price: $1,482,000 List Price/SqFt: 129 Seller Willing to Sell Separately?: Yes Type: Package Homes

Location Tax Legal Info

Street Number: 230 Street Name: Armentine St Suffix: Cove Parish: St Martin State: LA Zip Code: 70517 Subdivision: Armentine Cove Area: M1 Tax Assessment Number: 06901d0312 Elementary School: Call School Board Middle School: Call School Board High School: Call School Board Directions: Head east on I-10, Take exit 109 to merge onto Rees St toward Breaux Bridge, Turn right onto Armentine Cove, Homes will be on your left.

General Property Description

Approximate Age: 16 - 20 Years Number of Units: 10 Stories: 1 # Buildings: 10 SqFt - Living: 11488 SqFt - Source: Approximate Total Parking Spaces: 40 # Heat Units: 10 # AC Units: 10 Individual Metered?: Yes Lot Dimensions: 499 x 115 Acres: 1.29 Mineral Rights: Conveyed Assn Fee: None

Currently Not Used

Acreage Range: 1 - 2.99

Unit 1

# Units: 230 Type: Other Beds: 3 Full Baths: 2 SqFt: 1132 Rent/Mo: 1200 Occupant: Tenant

Unit 2

# Units: 236 Type: Other Beds: 3 Full Baths: 2 SqFt: 1132 Rent/Mo: 1200 Occupant: Tenant

Unit 3

# Units: 242 Type: Other Beds: 3 Full Baths: 2 Rent/Mo: 1200 Occupant: Tenant SqFt: 1132

Unit 4

# Units: 248 Type: Other Beds: 3 Full Baths: 2 SqFt: 1132 Rent/Mo: 1200 Occupant: Tenant

Sewer

Sewer Company: City of Breaux Bridge

Water Source

Water Company: City of Breaux Bridge

Property Features

Siding: Brick; Vinyl Siding Parking: Parking Garage Construction: Frame Foundation: Slab Roof: Composition Heating: Central Cooling: Central Air Interior: Electric Dryer Connection; Electric Stove Connection; Window Treatments Flooring: Laminate; Other Appliances: Electric Range; Electric Range; Refrigerator Unit 1 Features: Dining Room; Master Bedroom; Porch/Patio/Deck; Washer/Dryer Hookup Unit 2 Features: Dining Room; Master Bedroom; Porch/Patio/Deck; Washer/Dryer Hookup Unit 3 Features: Dining Room; Master Bedroom; Porch/Patio/Deck; Washer/Dryer Hookup Unit 4 Features: Dining Room; Master Bedroom; Porch/Patio/Deck; Washer/Dryer Hookup Equipment: Cable Available; Ceiling Fans Security Features: Carbon Monoxide Detector(s) Exterior: Outside Light; Patio Lot: Additional Land Avai; Cul-De-Sac; Level; No Outlet Street Tenant Pays: Cable/Sat TV; Electric; Sewer; Trash; Water Sewer: Public Sewer Water Source: Public Financing: 1031 Exchange; Cash; Owner Finance
Listing Office: Keaty Real Estate Team
Last Updated: May - 31 - 2025
230 Armentine Cove, Breaux Bridge, LA 70517- MLS# 24009695
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.