Old Hermitage Parkway Townhouses Near Burbank

Multi-Family for Sale
Catylist Listing ID: 30813164
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 9,784 SF
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2022

Overview / Comments

This property features two low-rise, garden style apartment buildings that are directly facing each other, located on Old Hermitage Parkway only ±0.7 miles from Burbank Dr.

Both buildings contain four units each which are all 3 bedroom, 2 bathroom. Only 1 of the units are currently vacant.

The entry points for each unit are individual, and all are accessible from the outside of the buildings.

The two properties share a dedicated, off-street parking lot which is located directly in between the two buildings. When facing the property from Old Hermitage Parkway, 8835 is located to the left of the parking lot while 8901 is located to the right.

All units are legally townhomes and can be sold or mortgaged separately. Current ownership is only looking to sell all 8 units together.

LOMA is on file, flood insurance is not required.

• 88% Occupied
• Located on Old Hermitage Parkway only ±0.7 miles from Burbank Dr
• Individual entry points accessible from outside of the buildings
• 8 Units - All 3 br / 2 bath

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 53
Zoning: A2.5
Percent Occupied: 88%
Total Number of Buildings: 2
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,271 40,966 118,688
Median Age: 25.55 35.48 34.08
Households: 3,725 16,692 49,724

Contact

Photograph of Listing Agent

Keagan Finley

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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