Catylist ID: #30163621
Greenwell Plaza Apartments
Multi-Family for Sale
|Catylist Listing ID:||30163621|
|Number of Units:||103 Units|
|Building Size (RSF):||86,704 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||136,108 SF|
|Unit Price:||$44,660.19 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Property will ONLY be sold with Magnolia Gardens Apartments (#30163637) and Lone Oak Apartments (#30163428) which are located within 0.8 mile of Magnolia Gardens Apartment. Total of 282 units available for sale among all three complexes for $12,220,000.
Greenwell Plaza Apartments is a two story, garden style multifamily property with twenty-four additional townhomes. It has a total of 103 units, onsite office, coined-laundry facility and swimming pool.
Listed at $4,600,000
Unit price - $44,660
Built in 1977
Complex is currently running at 93% (July 17) and 95% (Aug 17)occupancy.
28 units are 1bed/1bath – 704 sqft - $635/mth
32 units are 2bed/1bath – 836 sqft - $685/mth
19 units are 2bed/2bath – 880 sqft - $735/mth
24 units are 2bed/1.5bath Townhome – 980 sqft - $750/mth
Rentable sqft 86,704
Landlord pays water, sewer and trash. Tenant is responsible for their own electricity.
Onsite shared laundry facilities and vending machines adding additional income averaging $7600/year.
All units have dishwasher, range, hood, refrigerator, central air and heat. Most with “wood-look” vinyl plank or sheet, carpet, some ceramic and 8’ ceilings. All townhomes and 16 units and washer/dryer connections. All first floor units flooded during August 2016 Flood and have been remodeled.
Call or email for additional information.
DO NOT DISTURB TENANTS OR MANAGEMENT
Attachments & Media
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Community Amenities:||Outdoor Pool, On-Site Maintenance|
|Property Located Between:||Airline and Oak Villa|
|Number of Stories:||2|
|Total Parking Spaces:||131|
|Proximity:||1 mile||3 miles||5 miles|
Leanne LaPlace EvansRE/MAX Professional Baton Rouge, LA 70809
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