5636-38 E Judge Perez Drive

Description

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. Most residential units are currently leased at $700/month with market rates sitting ~$800/unit. 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.