1409 Hooks Dr
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1409 Hooks Dr
6 Unit Apartment Building $737,457 CAD ($122,910 CAD/Unit) 12.34% Cap Rate Hammond, LA 70401
Investment Highlights
- 100% Occupied
- Near the local university
- Centrally located
- Instant cash flow
Executive Summary
Investors Special! 6 units consisting of (3) 2 bed/ 1 bath duplexes. No Carpet in any of the units. Occupied year around! Walking distance to SELU campus. Low vacancy rate! All city utilities Water, Garbage, Sewer.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$80,910
|
$14.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,910
|
$14.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,104
|
$0.57
|
| Net Operating Income |
$77,805
|
$14.41
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $80,910 |
| Annual Per SF | $14.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $80,910 |
| Annual Per SF | $14.98 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,104 |
| Annual Per SF | $0.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,805 |
| Annual Per SF | $14.41 |
Property Facts
| Price | $737,457 CAD | Apartment Style | Townhome |
| Price Per Unit | $122,910 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 12.34% | Building Size | 5,057 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.37/1,000 SF |
| Price | $737,457 CAD |
| Price Per Unit | $122,910 CAD |
| Sale Type | Investment |
| Cap Rate | 12.34% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 5,057 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2019 |
| Parking Ratio | 2.37/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Breakfast Nook
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,159 CAD | 843 |
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PROPERTY TAXES
| Parcel Number | 04691601 | Improvements Assessment | $9,579 CAD (2023) |
| Land Assessment | $1,199 CAD (2023) | Total Assessment | $10,778 CAD (2023) |
PROPERTY TAXES
Parcel Number
04691601
Land Assessment
$1,199 CAD (2023)
Improvements Assessment
$9,579 CAD (2023)
Total Assessment
$10,778 CAD (2023)
zoning
| Zoning Code | Commercial |
| Commercial |
-
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