***NO SHOWINGS WITHOUT AN ACCEPTED PURCHASE AGREEMENT*** PLEASE REVIEW OFFERING MEMORANDUM ON OUR WEBSITE BEFORE REACHING OUT WITH QUESTIONS. This multifamily portfolio in the Historic Spanish Town Neighborhood consists of 11 units distributed between 4 buildings: two 4-unit apartment buildings joined by a catwalk (615 Spanish Town Rd), a single-family home (630 Lakeland Dr), and a duplex (located on the southern portion of the lot at 630 Lakeland Dr). The property is spread between two adjacent lots that stretch an entire block from Spanish Town Rd to Lakeland Dr, between N 6th St and N 7th St. Both the apartment buildings and duplex are two stories and are accessed from Spanish Town Road, with off-street parking for each. The single-family home faces Lakeland Dr and consist of 3 bedrooms & 2 bathrooms, totaling ±1,700 SF. 615 Spanish Town + Duplex: All 10 apartment units have central A/C, and 8 of the 10 apartments have in-unit washer/dryer. Some renovations have been completed on 8/10 of the apartment units, including a complete renovation to Unit 1. The roof is an estimated 12 years old. Landlord pays water, sewer, gas, and common area electric. Tenants pay their own electric, and a portion of utilities for 9&10 is split with 630 Lakeland Dr. 630 Lakeland Dr: Roof is an estimated 9 years, and the home has central A/C. Tenant is going into their 3rd year. Landlord pays water & sewer. Tenant pays electric & gas. This property is also being offered as part of a 37-unit portfolio. Contact broker for more info.
Property Type :
Apt Complex (5+ Units)
Subdivision :
Aubert Town
Parish :
East Baton Rouge
Style :
Apt Complex (5+ Units)
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All listings featuring the "Greater Baton Rouge - Louisiana" as the source are provided by "Greater Baton Rouge - Louisiana".This information is not verified for authenticity or accuracy and is not guaranteed.
ByOwner last updated this listing 04/29/2024 @ 14:39
MLS: 2021017762
LISTED BY: Mathew Laborde, Elifin Realty
SOURCE: GBRAR IDX Vendor Agreement Greater
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
