405 N Gertrude St, Abbeville, LA 70510

Charming 16-Unit Apartment Complex in Prime Abbeville Location - LeBlanc Place ApartmentsDiscover the perfect investment opportunity with LeBlanc Place Apartments, a beautifully maintained 16-unit complex located in a serene residential neighborhood in Abbeville, just steps away from JH Williams Middle School.Key Features:Unit Mix: 8 one-bedroom (660 sq ft) and 8 two-bedroom (1067 sq ft) units.Rental Rates: Current rents range from $585 to $685, with a monthly occupied rent of $9985. and significant market rent potential.Occupancy: High and stable, with a current rate of 100% and a historical average exceeding 95%.Exceptional Quality:Exterior: Robust brick and Hardiplank construction, shingle roofing, powder-coated metal stairs, and concrete balconieson the second story.Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers.Parking: Ample parking spaces available for all residents, ensuring convenience and ease.Income and Expenses:Additional income through water/sewer reimbursements ($20-$30 per unit/month).Operating expenses include utilities averaging $800/month, $170/month for pest control, and lawn care costs.Location Perks:Situated in a family-friendly neighborhood, across from JH Williams Middle School, this location offers both tranquility and convenience.Close proximity to local amenities including parks, shopping centers, and restaurants.Investment Highlights:A well-maintained property with a consistent track record of high occupancy and reliable income.Potential for rent increases to align with market rates.Meticulous care ensures reduced future maintenance costs.on the second story.Interior: Units boast a blend of luxury vinyl plank and carpet flooring, Formica countertops, and come equipped with refrigerators, stoves, and dishwashers.Parking: Ample parking spaces available for all residents, ensuring convenience and ease.I