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Listed by Toby Kelley • Kelley Realty
$289,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MULTI-UNIT PROPERTIES
Listing Status Active
Purchase Type For Sale
MLS Listing ID 218911
Property Sub-Type MULTI-UNIT PROPERTIES
Property Description
Attention Investors! Income-Producing Property with Huge Development Potential in Winnsboro, LA! Check out this Investor special situated on 2 acres. This one of a kind property offers a rare combination of immediate rental income and massive development upside. Unlock the potential of this unique, multi-structure property designed for maximum return on investment. Featuring a renovated income-producing cottage and a large main structure ready for tri-plex conversion, The Cottage is a charming 2 bed/1 bath home that has been fully renovated, featuring a new roof, new windows, new HVAC, and a new septic system and is currently rented. The Main House is a large, nearly 5,000 sq ft structure designed for a tri-plex conversion. Features a new metal roof, new windows, and all new septic system. Plumbing is installed for all three units, with Condo A 75% complete. Condos B & C are gutted and ready for your finishing touches. The land is expansive acreage with endless possibilities—perfect for developing additional housing or setting up RV/camper parking. This property is being sold "as-is, where-is" and is ready for an investor to take it to the finish line. Please do not approach tenant and call for a private showing.
Location
State LA
County Franklin
Direction From Winnsboro, go west on on Highway 130/Taylor Avenue for.2 miles. Turn right on Highway 618/Lone Cedar Road for 2 miles. Property is on the right, across from Riley Road.
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Other
Heating Central
Cooling Central Air
Fireplaces Type None
Appliance Other, Electric Water Heater
Laundry In Unit
Exterior
Utilities Available Propane
Roof Type Metal
Private Pool false
Building
Sewer Mechanical
Water Public, Electric Company: City
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