Fully Occupied Multifamily off Burbank Dr

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30392687
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Student Housing, Other
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $205,000
Unit Price: $51,250 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 4/22/2019

Overview / Comments

This fully occupied, two-story multifamily unit is located just off of Burbank Drive in South Baton Rouge. This revenue-generating fourplex has convenient access to the Burbank Drive Walmart and Cypress Mounds Baseball Complex, and is surrounded by single-family and multifamily residential properties. The property is well maintained and presents a perfect opportunity for an investor seeking a property with a 5-digit NOI.

- Fully leased
- Two-story fourplex
- $22,145.76 NOI

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,317 (Annual)
Potential Rental Income $32,400 (Annual)
Gross Operating Income $29,160 (Annual)
Net Operating Income $22,145 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 53
Tax ID/APN: 035-9716-4
Zoning: R
Area Description: Located on Elvin Dr. off of Burbank Dr in South Baton Rouge.
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,271 46,581 124,233
Median Age: 25.55 35.37 33.87
Households: 3,725 19,053 52,124

Contact

Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70806
LACDB Member
Photograph of Listing Agent

Mathew J Laborde

Elifin Realty Baton Rouge, LA 70806
LACDB Member
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