212 Church St, Chataignier, LA 70524

212 Church Street, Chataignier, LA

$585,000

Price

7.39%

Cap Rate

$48,040

NOI

Overview
Cap Rate
7.39%
NOI
$48,040
Building Size
12,841 sqft
Lot Area
3.19 acres
Units
1
Occupancy
100%
Year Built
2008
Floors
1
Description

This is a 15 unit building originally designed as a retirement center. It can be used as either, a market rate multifamily or as a retirement community. - Low Maintenance - Affordable Housing Opportunity - Class B - Laundromat for additional Income - Manager's office - Surplus land for additional units - 18 minutes from LSU-Eunice - Large congregation/media room - Could be senior living


Chataignier is a city in Evangeline Parish, Louisiana, United States. The population was 364 at the 2010 census according to Wikipedia. Although Chataignier is a small city, it is nestled in the center of a triangle made up of three major cities in Louisiana. Lafayette, Alexandria and Lake Charles. Not to mentioned at only 18 minutes from LSU at Eunice.


The building is a double winged straight shot design sitting on three acres of pristine open space. This surplus of land could serve for additional units, amenities or other mixed use development. Some restrictions may apply.


Location