321-325 S BENGAL Road, River Ridge, LA 70123 (MLS# NO2547424)

321-325 S BENGAL Road, River Ridge, LA 70123

$1,350,000
Property Type: MultiFamily Square Footage: 6,429 Status: Active
Current Price: $1,350,000 List Date: 3/12/2026 Last Modified: 4/09/2026

Overview

Description

9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner

Listing Details MLS# NO2547424

Listing Info

Delayed Marketing
No
Listing Price
1350000
List Price/SqFt
209.99
Document Modified
2026-03-17 14:21:21.948144
Modification Timestamp
2026-04-09T05:28:31Z
Photo Modified
2026-03-13T04:00:43Z

Location Tax Legal Info

Street Number
321-325
Dir
S
Street Name
BENGAL Road
Parish
Jefferson
State
LA
Zip Code
70123
Tax Assessment Number
0910006095
Directions
Bounding Streets: Jefferson Highway

General Property Description

Number of Units
16
Stories
2
SqFt - Total
6429
SqFt - Source
Measured
Lot Dimensions
60x115

Currently Not Used

Acreage Range
0 - 0.5

Originating Details

Originating System ID
ROAMM
Originating System Key
57364667
Originating System Listing ID
2547424
Originating System Name
ROAM Matrix

Location, Tax & Legal Info

Legal Desc
LOTS 28 & 29 SQ 4 OWN YOUR OWN & LOTS 26 & 27 SQ 4 OWN YOUR OWN

More Information

Remarks & Misc

Remarks
9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner

Office/Member/Contract Info

List AOR
NOMAR

Construction

Block
Yes
Other
Yes

Foundation

Slab
Yes

Roof

Metal
Yes

Heating

Other
Yes

Cooling

Window Units
Yes

Fencing

Other
Yes

Owner Pays

Electric
Yes
Gas
Yes
Water
Yes

Property Features

Construction: Block; Other Foundation: Slab Roof: Metal Heating: Other Cooling: Window Units Fencing: Other Owner Pays: Electric; Gas; Water

Documents

IDX
Listing Office: Bridgewater Realty Advisors, LLC
Last Updated: April - 09 - 2026
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.