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Contact info

• 225-291-1234 [Office] 

Description

100% occupied, Income producing 8-Plex Apartment Complex For-Sale. 317 East Drive Apartments - Mid-City off Government at East Drive. Consisting of 2 - 4-plex buildings with covered walk way and courtyard in the center and Gated. Eight (8) complete - 2 bedroom units. Each unit being two story units. 2 bedroom, 1 full bath, 1/2 bath downstairs, with living room , dining, full kitchen equipped with refrigerator, electric stove-top and oven, and garage disposal. Each unit is approximately 1,000 sf. Unit A - $450 per month - $5400 per year Unit B - $500 per month - $6000 per year Unit C - $470 per month - $5640 per year Unit D - $560 per month - $6720 per year Unit E - $595 per month - $7140 per year Unit F - $550 per month - $6600 per year Unit G - $550 per month - $6600 per year Unit H - $550 per month - $6600 per year Gross Totals - per month - $4225 Gross Totals - per year - $50,700 Expenses - Taxes and Insurance and maintenance - $10,000 NET - $40,700 CAP - 8 1/2% Building price details: $489,000.

Property Details

• Type: Multifamily
• Use Types:Other, General
• Status: Available
• MSA: Baton Rouge
• Buildings: 2

Terms

• Cash to Seller 

Map Locations