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$ 1,192,000
Est. payment /mo
Active
100 11 SHERWOOD DR Hammond, LA 70401
26 Beds
14.5 Baths
10,611 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,611 sqft
Price per Sqft $112
Subdivision Not A Subdivision
MLS Listing ID 2512088
Style Ranch
Bedrooms 26
Full Baths 11
Half Baths 7
Construction Status Very Good Condition
HOA Y/N No
Year Built 1965
Property Sub-Type Other
Property Description
9 single family homes PLUS approx 1 acre of land to develop. Subtract the value of the undeveloped lots and you are paying $118,500 per home. Located just outside downtown Hammond in a very pleasant area, this offering includes all but one home on the entire street. Very well-maintained, these brick ranch style homes offer low maintenance brick veneer construction, central air/heat and spacious lots. Currently under-rented, area rents indicate market rent of $1350 per month per house or more. At current rents annual revenue is $111,300. At $1350/mo per unit, annual revenue would be $144,800. Add additional revenue by improving the vacant land! RM-2 Zoning allows 2-FAMILY housing, if desired. Amazing returns possible!
Location
State LA
County Tangipahoa
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Carport
Water Access Desc Public
Roof Type Asphalt,Shingle
Building
Lot Description City Lot, Rectangular Lot
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Construction Status Very Good Condition
Others
Tax ID 3273504
Special Listing Condition None
Listed by Keller Williams Realty Services
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