Concord Condos
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30574520 |
| Property Subtypes: |
Low-Rise/Garden
|
| Status: |
Pending/Contingent |
| Number of Units: |
49 Units |
| Building Size (RSF): |
50,000 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,400,000 |
| Unit Price: |
$48,979.59 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
8.0% |
| Last Updated: |
9/16/2021 |
Overview / Comments
|
The Concord Condos are a group of well located multi-family units on Congress Boulevard, just across Perkins Road from the newly developed Rouzan commuinity. A package of 49 units is owned by one group and is now available for purchase. The HOA is in charge of running the grounds, maintenance, and financials of the entire complex, which consists of 175 units total. With low rents and a low price per door, this investment opportunity is perfect for an investor or company who is looking to renovate and sell off units individually for a profit, or remain a long term holder. The 49 units are scattered throughout the complex. Contact agent for more specific information and a property tour.
|
Additional Details
| Nearest MSA: |
Baton Rouge |
| County: |
East Baton Rouge |
| Submarket/Township: |
52 |
| Tax ID/APN: |
001-4263-8 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,689 |
94,011 |
216,598 |
| Median Age: |
38.25 |
34.95 |
34.23 |
| Households: |
4,385 |
41,658 |
89,999 |
|
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