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2447 Brownlee Dr

Baton Rouge, LA 70808
  • $1,150,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: 2022012255
New On Site 4 Days Ago
UPDATED: 17 min ago
$1,150,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 18,325
    SQFT
  • $63
    $/SQFT
Neighborhood:
Type:
Multi-Family

School Ratings & Info

School District:

Description

Excellent 18-unit investment opportunity with upside (10 townhomes and 8 flats). Central location. The units are separately metered and all feature three bedroom with great finishes, granite, etc. The owners have tried to manage the property remotely from Atlanta, but the property needs good local management to maximize its potential. There is assumable debt at a 4.39% rate with approx. seven years of fixed rate term remaining. All units are occupied except for two which are rent-ready and currently being marketed for rent via Rently. Current gross potential income is approximately $13,700, and there is significant upside potential.

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© 2022 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: 2022-08-09T07:32:05.87. Licensed in the State of Louisiana, USA. David Landry Real Estate || 225-229-9837 || Baton Rouge, LA
www.davidlandryrealestate.com/homes/131578941
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2447 Brownlee Dr Baton Rouge, LA 70808

  • Price: $1,150,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 17 min ago
  • ID#: 2022012255
0
Beds
0
Baths
0
½ Baths
0.18
Acres
18,325
SQFT
$63
$/SQFT
Neighborhood:
Balis Property
County:
East Baton Rouge
Area:
Ebr Mls Area 61
School District:
East Baton Rouge
Property Description
Excellent 18-unit investment opportunity with upside (10 townhomes and 8 flats). Central location. The units are separately metered and all feature three bedroom with great finishes, granite, etc. The owners have tried to manage the property remotely from Atlanta, but the property needs good local management to maximize its potential. There is assumable debt at a 4.39% rate with approx. seven years of fixed rate term remaining. All units are occupied except for two which are rent-ready and currently being marketed for rent via Rently. Current gross potential income is approximately $13,700, and there is significant upside potential.
Exterior Features

Foundation Slab:Traditional Found Lot Dimensions Varied Parking Spaces 36

Interior Features

Ac Units 18 Bedrooms One 3 Bedrooms Two 3 Floors Vinyl:Tile Floor Full Baths One 1 Full Baths Two 1 Heating Central Heat Kitchen Features Counters Stone Part Baths One 1 Sq Ft One 1240 Sq Ft Two 740

Property Features

Approximate Age Other See Remarks Association Fee None Financing Assumable FinCash FinOther Financing Lot Number J-1-A Number Units One 10 Number Units Two 8 Property Type Apt Complex (5+ Units) Property Type One Townhome Property Type Two Flat Special Sale Type As IsOwner/Agent Water Sewer Public SewerPublic Water

Greater Baton Rouge Association of Realtors logo Listing provided courtesy of Charles E Grand.© 2022 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.


© 2022 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: 2022-08-09T07:32:05.87. Licensed in the State of Louisiana, USA. David Landry Real Estate || 225-229-9837 || Baton Rouge, LA
 
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David Landry Real Estate
3224 Silver Sand Drive
Baton Rouge LA, 70816