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212 Church St, Chataignier, LA 70524

$585,000

212 Church Street, Chataignier, LA 70524

Active
Last Updated: 11/30/2022

7.39

Cap Rate

48,040

NOI

Details:
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.

Map:
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