8 Units-Azalea Park Baton Rouge

Multi-Family for Sale
Catylist Listing ID: 30263272
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $507,000
Unit Price: $63,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2018

Overview / Comments

8 Units For Sale
-Completely renovated units with new roofs, new HVAC units, and updated interiors
-Currently 100% occupied
-2017 Gross Collected Income of $80,573
-Currently bringing in $6,600/month in gross rents
-Four units are leased at $800/month
-Four units are leased at $850/month
-Property disclosure forms, rent rolls, P&Ls, and elevation certificates available upon request
-Properties must be sold together
-No tours/showings without an accepted purchase agreement(s)
Asking Price: $507,000

* Properties did flood in August 2016

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 42
Tax ID/APN: 49190
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1980
Year Renovated: 2017
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Numbered, gated, and lighted surface parking
Total Parking Spaces: 16
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,925 84,501 167,806
Median Age: 35.98 35 36.59
Households: 5,780 33,737 67,288


Photograph of Listing Agent

Christopher M Gremillion

NAI/Latter & Blum Commercial Baton Rouge Baton Rouge, LA 70806
LACDB Member
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