Description
Excellent Investment Opportunity! This apartment complex consists of 26 units. There are 3 primary floor plans. 16 efficiency/studio units, 6 - 1-Bedroom units, and 4 2-Bedroom Units. 25 Year roof installed in August of 2014. Electricity is individually metered. Property is in flood zone X and never flooded. All but two 2 bedroom units have been gutted to the studs. One 2 bedroom unit is 95% move in ready and the other is 75% move in ready. Qualifies for EBR section 8 housing rates and Veterans Administration Vouchers. Average potential income is $1,015 per two bedroom unit, $750 per 1 bedroom unit and $650 per studio unit. Photos depict the two nearly completed units.
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0BEDS
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0.9ACRES
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0BATHS
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01/2 BATHS
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14,431SQFT
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$56$/SQFT
Description
Excellent Investment Opportunity! This apartment complex consists of 26 units. There are 3 primary floor plans. 16 efficiency/studio units, 6 - 1-Bedroom units, and 4 2-Bedroom Units. 25 Year roof installed in August of 2014. Electricity is individually metered. Property is in flood zone X and never flooded. All but two 2 bedroom units have been gutted to the studs. One 2 bedroom unit is 95% move in ready and the other is 75% move in ready. Qualifies for EBR section 8 housing rates and Veterans Administration Vouchers. Average potential income is $1,015 per two bedroom unit, $750 per 1 bedroom unit and $650 per studio unit. Photos depict the two nearly completed units.
© 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: 2022-08-12T20:32:10.103. Licensed in the State of Louisiana, USA. David Landry Real Estate || 225-229-9837 || Baton Rouge, LA
Listing provided courtesy of David Landry Real Estate, Llc.© 2022 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.