9% cap on actuals, one vacancy when filled brings property to 10% cap. Over $250,000 in renovation work completed in past year including all new underground plumbing, interior renovations to ~3/4 of units including flooring, Sheetrock, paint, appliances, complete bathroom renovations, etc. Metal roof in great shape with all new screws and foam. New shed for maintenance storage. Security cameras. 15/16 units occupied leaving room to grow rent roll and increase value. Gross monthly rents currently over $17k/month, will be over $18k/month at 100% occupancy. All vouchers are 1 bedroom which leaves even more room to increase cash flow by getting the 10 2 bedrooms up to 2 bedroom vouchers. All financials in attachments. Agent/Owner
GeneralGeneral
Listing DetailsListing Details
2547424
Active
$1,350,000
2
70123
River Ridge
March 12, 2026
Building & Lot DetailsBuilding & Lot Details
of 2
16
(MUL)Apartment Complex
6,429 sqft
0910006095
60x115
UnitsUnits
Unit Number: 1
2
1
$0
Unit Number: 2
2
1
$615
Unit Number: 3
2
1
$1,236
Unit Number: 4
2
1
$1,236
Unit Number: 5
2
1
$1,236
Unit Number: 6
2
1
$1,236
Unit Number: 7
2
1
$1,478
Unit Number: 8
2
1
$1,113
Unit Number: 9
2
1
$1,000
Unit Number: 10
2
1
$1,236
Unit Number: 11
1
1
$1,000
Unit Number: 12
1
1
$1,000
Unit Number: 13
1
1
$1,236
Unit Number: 14
1
1
$1,236
Unit Number: 15
1
1
$1,236
Unit Number: 16
1
1
$1,236
DetailsDetails
No
Window Unit
Jefferson Highway
Off Street Parking
Apartment Complex
Owner
Entergy
No
No
Cinder Block , Siding
Fence , Security Cameras , Window Screens
Slab
Owner
Natural
Window Unit
LOTS 28 & 29 SQ 4 OWN YOUR OWN & LOTS 26 & 27 SQ 4 OWN YOUR OW
Regular
Yes
None
Metal
City
Other
Owner
Public
