1240 MISSISSIPPI ST

A GREAT INVESTMENT OPPORTUNITY!!! This charming Historic Home on River Road in Historic Donaldsonville, LA. was built in 1867 and I'm sure if the walls could talk it would have stories to tell. It has 4 separate units, fully furnished corporate rentals providing great cash flow! Owner occupant can live here for free and still generate income every month by leasing out the other 3 units. Would also make a great bed and breakfast. Priced below previous appraisal of home, business value is not included in the appraisal. Sale will include the turn key business (fully furnished units, and the ascensioncorporaterentals.com website.) Being convenient to Gonzales, Prairieville, Geismar, industrial plants along the river and interstate make these apartments easy to rent. This historic home has been lovingly restored, including new HVAC & new side privacy fence in 2023, exterior paint in 2016, foundation shored and leveled in 2015, mostly rewired and re-plumbed, 3 hot water heaters one is a solar powered water heater and one has recently been replaced, standing seam metal roof, 2 sets of washers/dryers for tenants' use, relaxing front porch overlooking Mississippi River levee, large back porch and yard with open pasture behind home, makes for a quiet setting. Donaldsonville, is full of history and charm. Restaurants, Business District, a Museum, a Distillery, the Mississippi River walk and close to Louisiana Square and Crescent Park where there are festivals such as the Festa Italiana, and Classic Car Show and more. This is definitely a home and investment opportunity that you do not want to miss out on.