Rare apartment investment opportunity in the heart of Baton Rouge: Two Building, 20-Unit Apartment Complex. Investors, seize this opportunity: Key Features include: two buildings, each with 10 open-concept 2 bed/1 bath, 775 sf units. Currently 14 (soon to be 16) units occupied, with lots of upgrades on several units including NEW ROOFS on both buildings (one in 2021, one in 2022), NEW luxury vinyl plank flooring, fresh interior paint, new appliances, and multiple plumbing and HVAC repairs and replacements. Excellent, safe location with close proximity to Baton Rouge Community College, Towne Center, tons of great restaurants, LA State police headquarters, several parks, grocery stores, and more. The complex itself is a quiet community right around the corner from a nice family-oriented park. Units are individually metered for power and tenants pay for power. Owner covers water/sewer/trash. Long-term leases on all occupied units. Plenty of room for adding value: on-site laundry facility (not operational now, but great for additional income with minimal work/upgrades), 4 units need minimal work to be turned over and ready for rent.
Property Type :
Apt Complex (5+ Units)
Subdivision :
Melrose East
Parish :
EAST BATON ROUGE
Style :
Apt Complex (5+ Units)
Sell a home like this and save $95,201 Find Out How
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 04/30/2024 @ 02:32
MLS: 2023019624
LISTED BY: Amy Verges, Sage Property Management, LLC
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.
