Please
contact us

15 2BR/1.5BA 2 story apartment units + more on LSU bus route

House, Buy | United States, Louisiana, Baton Rouge, Baton Rouge
Price-Icon
1,350,000 USD
Price
Total Surface Area-Icon
16,500 sqft
Total Surface Area
Lot Size-Icon
13,068 sqft
Lot Size
Price-Icon
1,350,000 USD
Price

Request the exposé now

Contact
Back
Contact
Mr. / Mrs.
  • Mr.
  • Mrs.
Message sent successfully
Send Message
Close

What you should know about this house


Amenities and special features of this house

Fifteen great 2BR/1.5BA 2 story apartment units on LSU bus route. Eight units in 2 Four Unit buildings are located on Brightside View Drive and 7 units in 2 Four unit buildings are located on East Boyd Avenue. (These 7 units on Boyd were built as condominium units and do have condo fees of $900.00 per year for each unit). All units are 1,100 Square feet in size with ceramic tile floors on the lower floor and carpet on the 2nd floor. Bathrooms (1 up and 1/2 down) have vinyl flooring units are all electric and include range, dishwasher, garbage disposal, washer, dryer and HVAC. Unit A's have a bay window and balcony; unit B's have a fireplace; unit C's have a bay window on both floor, and unit D's a bay window and fireplace. All units are presently rented for $800/month per unit for a Gross Income of $144,000 per year and 100% occupancy. Current taxes are $14,470 and insurance is approximately $12,000. Present NOI is $99,708 with a 6.35 cap rate. rents in the area average $950 to $995 per unit so these units have a good upside for future income.


Contact your personal advisor
Engel & Völkers Baton Rouge
E-Mail
Imprint
Back
Imprint

You might also be interested in these properties


Not able to find the right property?

Let us send you suitable offers by e-mail!

E&V Search Request

Engel & Völkers Suchauftrag

Many thanks! Your personal search request has been saved successfully

Back
E&V Search Request
Cancel
Many thanks! Your personal search request has been saved successfully
We have sent a confirmation link to your email address, . After activating you will automatically receive new offers!
If you cannot find the email in your mailbox, please check your spam folder.
Your search criteria
"You can cancel your search request at any time. For more information and our FAQ, please visit www.engelvoelkers.com/suchauftrag"
Close

The entered search criteria is not sufficient. Please at least select a country.

Invalid e-mail format.

OK


Follow us on social media