Investment Opportunity For Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30867768
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 8,696 SF
Gross Land Area: 0.48 Acres
Sale Price: $650,000
Unit Price: $81,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 8,696 SF
Sale Terms: Cash to Seller
Cap Rate: 8.42%
Average Occupancy Rate: 100
Last Updated: 4/9/2024

Overview / Comments

Two 4-plexes for sale in Old Goodwood Neighborhood in the heart of Baton Rouge's bustling mid-city. Buildings are to be sold as a package. Due to the desirable location, the units are always rented and are a great investment for potential investors. They are well-maintained with some recent updates. Covered parking for tenants is provided. Each unit is approximately 1,000 S.F. with two (2) bedrooms and two (2) bathrooms.

Surrounded by tree-lined streets and charming homes, 215/219 Ship Drive offers residents a peaceful and friendly atmosphere. The neighborhood is known for its diverse community, with residents of all ages and backgrounds. Within walking distance, you'll find popular local eateries, cafes, and shops, providing convenient options for dining and entertainment. Nearby parks, such as Independence Park, offer opportunities for outdoor recreation and relaxation. The location also provides easy access to major thoroughfares, making it convenient for commuters to navigate around Baton Rouge and beyond.

Investment Highlights
Great investment opportunity in one of Baton Rouge's most desired neighborhoods
100% occupied with many long-term residents
Well maintained and strategically positioned with access to major thoroughfares
Like-new roof - Replaced in 2020

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Taxing Authority: East Baton Rouge Parish
Tax ID/APN: 004-2775-6
Zoning: A1
Percent Occupied: 100%
Property Located Between: Winthrop Avenue and Croydon Avenue
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1983
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,182 102,894 244,518
Median Age: 36.98 35.91 34.03
Households: 5,402 43,335 99,379


Photograph of Listing Agent

Justin P Langlois

Stirling Baton Rouge Baton Rouge, LA 70809
LACDB Member
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