Joel Colvin

REALTOR-ASSOCIATE/ASSOCIATE BROKER
Keller Williams Realty Parishwide Partners
318-381-3271
Licensed In: LA
License #: BROK.48696.A-ASA

NOW UNDER CONTRACT!  This Unrestricted 4.2+/- Acre Parcel presents an Investment Opportunity to get into the Booming Ruston Multi-Family Residential Income Market! With the anticipated growth of student enrollment at Louisiana Tech, combined with a shortage of available housing makes this 4.2 acre site an excellent choice for a new multi-family development of Duplex’s, Triplex’s, Fourplex’s, Fiveplex’s or Multi-Unit Apartment Complex, or new buyer could just add additional rental units to property (i.e. mobile homes or site built structures of their choosing). This location is not only convenient to LA Tech, but GSU as well, located just outside the Ruston city limits, with no zoning restrictions on the property. Located only 3/10ths of a mile from LA Techs South Campus and Lincoln Parish Fire Protection Districts Tech Farm Fire Station. The rental properties on site consist of a 1,424 Sq. Ft. 3 Bedroom/2 Bath house with Vinyl Siding at 2295 Hwy 3061, a 1,028 Sq. Ft. 2 Bedroom/1 Bath house with Aluminum Siding at 130 Rodeo Rd and a 900 Sq. Ft. 2 Bedroom/1 Bath house with Vinyl Siding at 140 Rodeo Rd and a 384 Sq. Ft. Workshop / Storage Building with 1/2 Bath at 2285 Hwy 3061. The three (3) single family detached homes presently on this property are producing $1,400 per month in rental income. There are also three (3) existing mobile home spaces with hook-ups (Electric, Gas, Water, etc) on-site that could be utilized and brought back in operation for additional rental income. All Utilities On-Site: High Speed Broadband Internet, Cable TV & Phone available through Suddenlink, Centerpoint provides the Natural Gas, Claiborne Electric Co-Op provides the Electricity and Water is provided by the Wesley Chapel Water System.