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
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.