20
See all 20 photos
$850,000
Est. payment /mo
7,417 SqFt
New
27859 Frindik Ln Albany, LA 70711
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Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,417 sqft
Price per Sqft $114
Subdivision Rural Tract (No Subd)
MLS Listing ID 2025022331
Lot Size 2.070 Acres
Property Sub-Type Other
Property 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.
Location
State LA
County Livingston
Interior
Heating Central
Cooling Central Air
Appliance Electric Cooktop, Dishwasher
Exterior
Exterior Feature Lighting
Garage Spaces 16.0
Private Pool false
Building
Foundation Slab
Sewer Individual Sewer
Water Public
Schools
Elementary Schools Livingston Parish
Middle Schools Livingston Parish
High Schools Livingston Parish
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
Listed by The W Group Real Estate LLC
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