705 N 11th Street N
$1,155,000
705 N 11th Street N, Kinder, LA 70648
1.72 acres
Lot Area
2002
Year Built
Details:
Description:
Rare multifamily investment opportunity in Kinder, Louisiana, featuring two income-producing properties being offered together: 705 N 11th Street and 305 E Railroad Avenue. Together, these assets provide a strong mix of stable occupancy, durable construction, and long-term cash-flow potential in a desirable rental market just minutes from Coushatta Casino Resort, one of the areas major employment and entertainment drivers. 705 N 11th Street is a well-maintained 16-unit apartment complex situated on approximately 1.48 acres in Flood Zone X, where flood insurance is not required. Built in 2002, the property includes two solid brick buildings, each containing eight identical 2 bedroom, 1 bathroom units. Each unit offers approximately 882 square feet with an efficient open-concept layout, L-shaped kitchen, stove, refrigerator, dishwasher, washer/dryer hookups, tile in high-traffic areas, vinyl plank flooring in bedrooms, neutral paint, and ceiling fans throughout. All units are separately metered for electric and water, with tenants paying their own utilities. Recent improvements include a new roof in 2024, and the brick construction, double-pane windows, and pitched roofs help support lower operating costs. Central parking, green space, and strong road visibility add to the propertys appeal. 305 E Railroad Avenue is a fully leased 5-unit multifamily property located just off Hwy 165 near Coushatta Casino. This property includes two separate buildings with a unit mix of two 1 bedroom units and three 2 bedroom units. With high occupancy, low expenses, and a reported 10% cap rate, this asset offers reliable income and an excellent opportunity for investors seeking immediate cash flow. Combined, these two properties create a rare 21-unit investment package with consistent rental demand, strong fundamentals, and upside potential in a growing Kinder market. Whether you are expanding an existing portfolio or entering the multifamily space, this package offers turnkey income, durable assets, and a strategic location near major area employers. All units are currently occupied; Seller will only disturb tenants and show vacant units until inspection period for buyer
Listing ID: 06776daa-3590-4978-87c7-46a32c13b50b
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