🏡 Investment Opportunity in Baton Rouge, LA - Multi-Fourplex

Welcome to a fantastic investment opportunity in Baton Rouge! This multi-unit property offers a total of 8 bedrooms, 10 bathrooms, and a spacious 4,200 sq ft of living space across all units. 🛌🛁

Property Details:

Type: Multi-Fourplex

Year Built: 1983

Sqft: 4,200 (All Units/Living Areas)

Condition: Some cosmetic repairs needed (broken window, hole in ceiling), perfect for value addition. 🛠️

Investment Potential:

ARV (After Renovation Value): $375k+

Current Asking Price: $225k (OBO)

Estimated Rent After Renovation: $1,200 - $1,350 per unit

Current Rent-Ready Rent: $900 - $1,000 per unit

This property presents a great value-add opportunity. Renovating each unit can lead to a significant rent increase, making it an attractive investment for savvy investors. 📈

Comps:

6368 Quin Dr, Baton Rouge LA

15854 S Sanderland Ave, Baton Rouge LA

11661 N Harrells Ferry Rd, Baton Rouge LA

Financial Details:

EMD (Earnest Money Deposit): $2,000

Access: Call ahead, units can be unlocked for inspection

Current Occupancy:

1/4 Units Occupied (Long Term Tenant - 10+ Years)

Current Rent: $775

Best Rent Received: $1,000

Expenses:

2023 Property Tax: $2,581.98

Insurance: Liability Only - $275/Year, Full Coverage - $5,600/Year

Lawn Care: $650/Year

Tenants Pay Utilities

Don't miss out on this off-market real estate deal! Act now to unlock the potential of this property. 🏠💼 For access, call ahead, and our team will be ready to assist. 📞

Note: Property may not be left unlocked during inspections due to the presence of squatters. 🚫🔒

Serious inquiries only. Let's turn this property into a lucrative investment! 💰🚀

CONTACT NATE 838-250-6539 FOR INQUIRIES