16 Unit Renovated Complex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30163604
Property Subtypes: Duplex/Fourplex, Other
Status: Pending
Number of Units: 16 Units
Building Size (RSF): 11,616 SF
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $50,000 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/23/2017

Overview / Comments

Investment opportunity!
THREE, TWO STORY, APARTMENT BUILDINGS. (1) 8 Plex (2) 4 Plex
12 of the 16 apartments have been recently renovated. New plumbing, new AC units, new double pain windows on bottom floor of 8 plex. Windows of Apt #5-8 will also be replaced.
FULLY OCCUPIED.
Also contains 220 sq. ft of storage area with (5) 1.5 ton AC units & (1) 2 ton AC unit pre-charged with R22 to be left for purchaser.

Additional Details

Nearest MSA: Baton Rouge
County: West Baton Rouge
Submarket/Township: 70
Tax ID/APN: 204790004000, 204790004100, 204790004200
Zoning: R-MF-1
Percent Occupied: 100%
Property Located Between: South side of Pauls Ln just west of its intersection with River Road
Highway Access: LA HWY 1 South is less than miles west of subject property
Total Number of Buildings: 3
Number of Stories: 2
Construction/Siding: Brick
Exterior Description: three, two story, wood framed apartment buildings on a concrete slab with brick veneer exterior walls and fiberglass shingle roof
Parking Type: Surface
Parking Description: Open concrete parking across the front. Exterior security light at front and rear of parking lot.
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: The units have a living room, kitchen/dining room, one or two bedrooms, full bathroom & closets. The units have 8' ceilings; tile flooring; painted sheetrock walls and ceilings with wood base boards. Interior passage provided by wood doors with wood frames. Building is insulated. Units have individual central heat and air conditioning units. Each unit comes with its own range and refrigerator.
Zoning Description: R-MF-1
Lot Frontage: 286' Pauls Ln
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots B-1, A-1, & A-2, Section 23, T8S, R12E

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,355 48,209
Median Age: 35.25 29.07
Households: 3,270 19,468

Contact

Photograph of Listing Agent

Becca Babin

Zachary, LA
LACDB Member
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