Investment Package

Undisclosed Address, Baton Rouge, LA 70808
Multi-Family for Sale
Catylist Listing ID: 30164063
Property Subtypes: Mid-Rise
Number of Units: 4 Units
Building Size (RSF): 4,484 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $162,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/13/2017

Overview / Comments

4 Units packaged together
1) 9124 Old Hammond Hwy, Unit 42, 70809 3BR/2BA, 1500 sqft: Rents for $1550/month
HOA fees- $140/month
2) 5255 Congress Blvd, Unit 55, 70808: 2BR/2BA, 1100 sqft: Rents for $1200/month
HOA fees- $215/month
3) 5255 Congress Blvd, Unit 56 , 70808: 2BR/BA, 1100 sqft: Rents for $1200/month
HOA fees- $215/month
4) 6765 Corporate Blvd, Unit 11305, 70809: furnished corporate rental 1BR/1BA, 764 sqft: 3rd floor, 12' tall ceilings: Rents for $1800/month.
HOA fees $110/month

Outstanding investment package that you won't want to miss ! These four units have steady tenants that keep the properties in great condition. Easy to manage and rent in high desirable areas. Selling all four units together. It consists of 2 Condos in the Heart of Baton Rouge, 1 Furnished corporate rental in a luxury high-rise, and a townhouse in an up and coming area of town. All four units are professionally managed and have a consistent history of full occupancy. These will not be individually sold.
Current fees include 10% property management, for the investor that does not required such service, return will shows substantial upside.

Financials

Finance Data Year 2017
Potential Rental Income $69,540 (Annual)
Net Operating Income $45,237 (Annual)
Gross Operating Income $69,540 (Annual)
Actual or Proforma Year Actual

Additional Details

Tax ID/APN: 1650491
Percent Occupied: 100%
Community Amenities: Outdoor Pool, Business Center, On-Site Maintenance
Total Number of Buildings: 4
Property Condition: Excellent
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

Contact

Photograph of Listing Agent

Simone Fraternali

Keller Williams Realty Red Stick Partners
Baton Rouge, LA
LACDB Member
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