321 S Academy Street, Opelousas, LA 70570 (MLS# 2020023979)

321 S Academy Street, Opelousas, LA 70570

New Listing
$279,000
Property Type: MultiFamily Square Footage: 5,000 Lot Size (sq. ft.): 19,166 Status: Active
Current Price: $279,000 List Date: 5/20/2025 Last Modified: 5/20/2025

Description

Presenting a fantastic investment opportunity in a prime location! This 5-unit apartment complex is conveniently situated near I-49, within walking distance to stores and restaurants, making it an appealing choice for tenants seeking convenience and accessibility. Currently, the units are being rented below market value, presenting a golden opportunity for increased monthly yields. With a bit of strategic management, you can maximize profits and enhance the overall value of this property. This potential for growth is a significant advantage for savvy investors. The complex is located on a corner lot, providing not only visibility but also ample space for expansion. There's room to add additional units, further increasing your investment potential. Imagine the possibilities of developing more rental spaces to cater to the growing demand in the area! This apartment complex is not just a property; it's a stepping stone to greater financial growth. With its strategic location, under-market rentals, and expansion possibilities, this investment opportunity is one you won't want to miss!

Supplements: ********

More Information MLS# 2020023979

Listing Info

Status: Active Listing Date: 2025-05-19 Listing Price: 279000 Current Price: $279,000 List Price/SqFt: 55.8 Seller Willing to Sell Separately?: No Type: Apartment/Multi-Family

Location Tax Legal Info

Street Number: 321 Dir: S Street Name: Academy St Suffix: Street Parish: St Landry State: LA Zip Code: 70570 Subdivision: None Area: L2 Tax Assessment Number: 0103228600 Elementary School: Call School Board Middle School: Opelousas High School: Opelousas Directions: I49 North exit Opelousas, go west on hwy 190 to Academy turn left. At the light on Academy and Vine the apartments will be straight ahead on the right of Academy facing Vine.

General Property Description

Approximate Age: 51 - 75 Years Number of Units: 5 SqFt - Living: 5000 SqFt - Source: Owner Total Parking Spaces: 11 # Heat Units: 5 # AC Units: 5 Individual Metered?: Yes Lot Dimensions: 130.5X148.1 Acres: 0.44 Mineral Rights: Conveyed

Unit 1

Type: Flat Beds: 2 Full Baths: 1 Rent/Mo: 600 Occupant: Tenant

Unit 2

Type: Flat Beds: 2 Full Baths: 1 Rent/Mo: 375 Occupant: Tenant

Unit 3

Beds: 2 Full Baths: 1 Rent/Mo: 400 Occupant: Tenant

Unit 4

Beds: 2 Full Baths: 1 Rent/Mo: 650 Occupant: Vacant

Property Features

Siding: Brick Parking: Attached; Parking Lot Construction: Frame Foundation: Slab Roof: Composition Heating: Other Cooling: Window Units Interior: Electric Stove Connection Flooring: Vinyl Tile Appliances: Electric Range; Electric Range; Refrigerator Unit 2 Features: Master Bedroom Security Features: Carbon Monoxide Detectors; Smoke Detector Fencing: Chain Link; Full Owner Pays: Sewer; Trash; Water Tenant Pays: Electric; Water Financing: Cash; Conventional Showing: Sign on Prop
Listing Office: RE/MAX Excellence
Last Updated: May - 20 - 2025
321 S Academy Street, Opelousas, LA 70570- MLS# 2020023979
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.