Concord Condos

Multi-Family for Sale
Catylist Listing ID: 30574520
Property Subtypes: Low-Rise/Garden
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: 9/14/2020

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.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Tax ID/APN: 001-4263-8

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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

Contact

Photograph of Listing Agent

Jonathan Walker

Maestri-Murrell Inc Baton Rouge, LA 70809-2437
LACDB Member
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