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    1205 W Chimes

    Baton Rouge, LA 70802
    • $2,000,000
    • STATUS: Active
    • ON SITE: 25 days
    • ID#: 2021004397
    UPDATED: 21 min ago
    $2,000,000
    • 0
      BEDS
    • 0.86
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,200
      SQFT
    • $110
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family

    School Ratings & Info

    School District:

    Description

    Fully renovated, 100% occupied completely turn-key apartment complex that is adjacent to LSU property outside the North Gate of LSU near Nicholson Dr.. This building features 27 2 bed, 1 bath units and one laundry room for 28 income producing units. Units are currently renting for between $800 - $850 a month, however some of the longer tenured tenants are paying less and represent a chance to raise income further. Rare opportunity to own a renovated complex in an area that still has tremendous future appreciation potential. Renovations include.... New HVAC in all 27 units + laundry (2019 and 2020 installation) New double pane windows/sliding doors/front doors in all 27 units + laundry 27 Units + Laundry with new electric panels 14 completely re-wired units (108-114, 208-214) 14 completely replumbed units (108-114, 208-214) 24 new (2019+) water heaters 6 Brand new electric meter panels New flat roof area in 2019 Architectural shingle roof <5 years old Exterior painted in 2019 Gutters added 2019 24 Units completely cosmetically modernized New vanities, new counters, new tub surrounds, new floors, quartz/granite counters, new paint, new lights, etc. 3 Units mostly modernized Combination of new counters, new floors, new tub surrounds, etc. Replacement cabinet doors stocked Laundry room washer/dryers owned/maintained through 3rd party. Security cameras on-site Baton Rouge Police Officer on-Site Expense breakdown attached in files. NO SHOWINGS UNTIL ACCEPTED CONTRACT DO NOT DISTURB TENANTS OWNER/AGENT

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    © 2021 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or David Landry Real Estate. Data last updated: 2021-04-18T16:31:59.66.

    Licensed in the State of Louisiana, USA.
    David Landry Real Estate || 225-229-9837 || Baton Rouge, LA
    www.davidlandryrealestate.com/homes/115403332
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    1205 W Chimes Baton Rouge, LA 70802

    • Price: $2,000,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: 2021004397
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.86
    Acres
    18,200
    SQFT
    $110
    $/SQFT
    Neighborhood:
    College Park
    County:
    East Baton Rouge
    Area:
    Ebr Mls Area 52
    School District:
    East Baton Rouge
    Property Description
    Fully renovated, 100% occupied completely turn-key apartment complex that is adjacent to LSU property outside the North Gate of LSU near Nicholson Dr.. This building features 27 2 bed, 1 bath units and one laundry room for 28 income producing units. Units are currently renting for between $800 - $850 a month, however some of the longer tenured tenants are paying less and represent a chance to raise income further. Rare opportunity to own a renovated complex in an area that still has tremendous future appreciation potential. Renovations include.... New HVAC in all 27 units + laundry (2019 and 2020 installation) New double pane windows/sliding doors/front doors in all 27 units + laundry 27 Units + Laundry with new electric panels 14 completely re-wired units (108-114, 208-214) 14 completely replumbed units (108-114, 208-214) 24 new (2019+) water heaters 6 Brand new electric meter panels New flat roof area in 2019 Architectural shingle roof <5 years old Exterior painted in 2019 Gutters added 2019 24 Units completely cosmetically modernized New vanities, new counters, new tub surrounds, new floors, quartz/granite counters, new paint, new lights, etc. 3 Units mostly modernized Combination of new counters, new floors, new tub surrounds, etc. Replacement cabinet doors stocked Laundry room washer/dryers owned/maintained through 3rd party. Security cameras on-site Baton Rouge Police Officer on-Site Expense breakdown attached in files. NO SHOWINGS UNTIL ACCEPTED CONTRACT DO NOT DISTURB TENANTS OWNER/AGENT
    Exterior Features

    Construction Brick ConstFrame Const Exterior Brick SidingWood Siding Exterior Features Outside Light Fence Chain Link FenceWood Fence Foundation Slab:Traditional Found Lot Dimensions 260X150 Parking Spaces 40

    Interior Features

    Ac Units 28 Bedrooms One 2 Cooling Central Air Cool Floors Ceramic FloorVinyl:Tile Floor Full Baths One 1 Heat Units 28 Heating Central HeatElectric Heat Kitchen Features Counters Solid SurfaceRange/OvenRefrigerator Sq Ft One 650

    Property Features

    Approximate Age 51-75 Years Association Fee None Financing Cash FinConventional Fin Individually Metered Yes Lot Number 28 And 29 Mineral Rights Conveyed Number Units One 27 Number Units Two 1 Property Type Apt Complex (5+ Units) Property Type One Flat Property Type Two Other Special Sale Type Owner/Agent Water Sewer Public SewerPublic Water

    Listing provided courtesy of Ascend Real Estate Group.© 2021 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.
    © 2021 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or David Landry Real Estate. Data last updated: 2021-04-18T16:31:59.66.

    Licensed in the State of Louisiana, USA.
    David Landry Real Estate || 225-229-9837 || Baton Rouge, LA
     
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    3224 Silver Sand Drive
    Baton Rouge LA, 70816