Description
Situated on a sprawling acre of land, this charming apartment complex comprises four buildings, including three triplexes and one duplex, offering a total of 11 doors for potential tenants. Nestled within the tranquil confines of a 1-acre lot, measuring 263.8x330.4, these units boast cozy living spaces averaging 900 square feet, each containing 2 bedrooms and 1 full bath. Building 1 showcases an estimated living area of 2,833 square feet, complemented by spacious 400-square-foot front and back porches. Building 2, a duplex offers approximately 1,635 square feet of living space alongside inviting 230-square-foot front and back porches. Meanwhile, Buildings 3 and 4 each offer an estimated living area of 2,452.8 square feet, enhanced by expansive 346-square-foot front and back porches. 100% occupied! Managed internally, the property features convenient amenities such as a coin-operated laundry facility adjacent to Unit A, equipped with two washers and two dryers, all replaced in 2023. Maintenance is a top priority, with 10 serviced AC units and annual inspections ensuring optimal functionality. This is a lucrative investment opportunity. Showings will be scheduled post-offer acceptance, providing a firsthand glimpse into the potential of this remarkable property. Did not flood, does not require flood insurance, flood zone X. Cap rate fluctuates pending vacancies but overall averages 10%, along with the average Gross Annual rent: $127,440, Monthly: $10,620. NOI: Average $96,609.72. Total Monthly expenses: $2,569.17
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0BEDS
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0.94ACRES
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0BATHS
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01/2 BATHS
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12,017SQFT
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$79$/SQFT
Description
Situated on a sprawling acre of land, this charming apartment complex comprises four buildings, including three triplexes and one duplex, offering a total of 11 doors for potential tenants. Nestled within the tranquil confines of a 1-acre lot, measuring 263.8x330.4, these units boast cozy living spaces averaging 900 square feet, each containing 2 bedrooms and 1 full bath. Building 1 showcases an estimated living area of 2,833 square feet, complemented by spacious 400-square-foot front and back porches. Building 2, a duplex offers approximately 1,635 square feet of living space alongside inviting 230-square-foot front and back porches. Meanwhile, Buildings 3 and 4 each offer an estimated living area of 2,452.8 square feet, enhanced by expansive 346-square-foot front and back porches. 100% occupied! Managed internally, the property features convenient amenities such as a coin-operated laundry facility adjacent to Unit A, equipped with two washers and two dryers, all replaced in 2023. Maintenance is a top priority, with 10 serviced AC units and annual inspections ensuring optimal functionality. This is a lucrative investment opportunity. Showings will be scheduled post-offer acceptance, providing a firsthand glimpse into the potential of this remarkable property. Did not flood, does not require flood insurance, flood zone X. Cap rate fluctuates pending vacancies but overall averages 10%, along with the average Gross Annual rent: $127,440, Monthly: $10,620. NOI: Average $96,609.72. Total Monthly expenses: $2,569.17
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© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Deante' Thomas, Realtor | Keller Williams Realty Red Stick Partners. Data last updated: 2024-11-01T22:32:15.423. Licensed in the State of Louisiana, USA. Deante' Thomas, Realtor | Keller Williams Realty Red Stick Partners || 225-726-1783 || Baton Rouge, LA