$899,000
For Sale

5636 JUDGE PEREZ DRIVE

Violet, LA 70092
9400 sqft | 7 beds | 7 baths | #2478011
Browse 16 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

BACK ON MARKET! Introducing 5636-38 E. Judge Perez Drive, a mixed- use commercial/residential property located in Violet, LA. This well-maintained 14-unit building consists of (7) 1 Bedroom 1 Bathoom units on the second floor and (7) commercial units on the ground floor. The convenience store located in the front of the building occupies (3) of the commercial units with a monthly rent of $3,000. Building has a NEW ROOF that was put on in 2023. Currently, rents are positioned below the local market rates, leaving room for a new owner to strategically increase rental income without the need for extensive renovations. Rents on the second story residential units have been raised from $700 to $800 and for units A & B the rent has been increased to $1,147 per month. The market rate for the commercial units is $1,000 per month with the end cap taking up 3 spaces for $3,000 per month. For added convenience, ample off-street parking is available, eliminating the hassle of finding a parking spot and enhancing the overall living experience. In sum, 5636-38 E. Judge Perez Drive represents an extraordinary investment prospect, offering a harmonious blend of location, potential, and quality, making it an ideal addition to your real estate portfolio.

  • Property Details
      • Lot DescriptionCityLot, RectangularLot
      • Property ConditionVeryGoodCondition
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountySt. Bernard
      • Original List Price$899,000
      • Property SubtypeMixedUse
      • MLS #2478011
      • MLS #2478011
      • Utility SourcePublic
      • Cost899000
      • StyleOther
      • Square Feet9400
      • Year Built1985
      • FoundationSlab
      • Bedrooms7
      • Bathrooms7
      • Full Baths7

Location

Christian Perez | Star RealtyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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