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
Additional information and Pro Forma in attached documents.
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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