27859 Frindik Ln

Description

Hidden Point Homes presents a fully occupied, professionally managed multi-family investment situated on approximately 2 acres in Albany, Louisiana. This well-maintained asset offers immediate cash flow, operational efficiency, and long-term upside, making it an ideal addition to any investor’s portfolio. The property consists of 8 residential units across 5 separate parcels, including a fourplex with four 2-bedroom, 1-bath units and four well-maintained 3-bedroom, 2-bath mobile homes, all of which are currently 100% occupied. In addition, the property includes a 1,800 sq ft metal warehouse/storage building, providing additional utility and future income potential (not included in the residential square footage). The asset is currently managed by a professional property management company and has been consistently well maintained, allowing for a smooth transition to new ownership with minimal disruption. Major capital improvements have already been completed, reducing near-term expenses. All roofs were replaced at the end of 2021, and the fourplex features approximately 3-year-old HVAC systems. Each structure operates independently with its own sewer treatment plant, municipal water, and individual electric and water meters, significantly reducing owner overhead and simplifying management. Every residential unit offers private washer and dryer hookups, and each structure is supported by dedicated asphalt parking pads, enhancing tenant convenience and retention. With diverse unit types, separate parcels, professional management in place, and stable occupancy, Hidden Point Homes is a strong opportunity for investors seeking reliable cash flow, operational efficiency, and long-term appreciation in the growing Livingston Parish market.