42577 42594 Pelican Dr, 20641 Ridgelake Road, Ponchatoula, LA 70454

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Building Details:

Rental Income Investment - Ponchatoula, LA

Three Rental Houses available for sale as a package:
1 - 3bed/2bath, 2- 2bed/2bath
Each structure is ~3years old.
Annual Leases
Immediate Cash Flow Opportunities.

- Occupancy: 100%
- GOI: $28,500.00
- Expenses: $4,217.03
- NOI: $24,282.97

Asking: $275,000.00 (Average price per unit: $91,667).

The units are located in two residential subdivisions of Ponchatoula, LA. The demographics are primarily working families supporting Hammond's various industries and college students attending Southeastern Louisiana University. Market dynamics lend to high demand for rentals. Additionally, all three houses are located in one of the preferred school districts.

Well preforming assets for both entry level and seasoned investors interested in enhancing portfolio returns.

There are potentially more units available if interested. Contact agent to discuss.