Catylist ID: #30163428
Lone Oak Apartments
Multi-Family for Sale
|Catylist Listing ID:||30163428|
|Number of Units:||60 Units|
|Building Size (RSF):||45,620 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||112,394 SF|
|Unit Price:||$42,000 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||88|
Overview / Comments
Property will ONLY be sold with Magnolia Gardens Apartments (#30163637) and Greenwell Plaza Apartments (30163621) 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.
Lone Oak Apartment complex is a two-story, garden style multifamily property consisting of 60 units and onsite coined laundry facility.
Listed at $2,520,000
Unit price - $42,000
Land 2.5802 acres (112,394 sqft)
Built in 1977
Complex is currently running at 86% (July) and 88% (August) occupancy.
14 units are 1bed/1bath – 585 sqft - $685
38 units are 2bed/1bath - 781 sqft - $785
8 units are 3bed/1.5bath – 969 sqft - $1025
Rentable sqft 45,620
Landlord pays all water, sewer, trash, electricity and gas.
Onsite shared laundry facility and vending machine adding additional income averaging $6800/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. Some with ceiling fans.
Call or email for additional information.
DO NOT DISTURB TENANTS OR MANAGEMENT
Attachments & Media
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Community Amenities:||On-Site Maintenance|
|Property Located Between:||Airline and Oak Villa|
|Airports:||Baton Rouge Airport|
|Number of Stories:||2|
|Heat Type:||Natural Gas|
|Proximity:||1 mile||3 miles||5 miles|
Leanne LaPlace EvansRE/MAX Professional Baton Rouge, LA 70809
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