Looking for a big charming midcity home that pays for itself? In beautiful MidCity Baton Rouge neighborhood, Melrose, where great families are constantly moving. The main house unit, ~1500 sq ft is open for a new owner occupant. The rest of the home is grossing $1,950 per month - currently all leased up with demonstrated reliable tenants. Seller lives in the neighborhood and is willing to provide property income details. Currently Grossing: $1,950 Estimated Principal and Interest on $290,000, 30 year, 5% down, 7.25%: $1,879.40, before taxes and insurance. Talk to me about seller paid closing costs - can be helpful with down payment. Offering for sale only because this house is best suited for an owner occupant. Happy to hold. New owner could gross even more if they ran other parts as BnB. A small footprint owner could also move into one of the smaller units and gross $2,200 to 2,675 on the demonstrated long term rental potential. Seller can provide rental history, and long list of improvements made. If sold, all leases are to be honored until their terms are complete. The main unit is also currently listed as a rental. If leased, seller will still entertain offers for purchase, but it won't be such a great opportunity for a new homeowner or someone who wants to reduce their monthly housing payment. Gross income history by year: 2022: 35,233 2021: 31,998 2020: 24,184 2019: 35,388 2018: 24,790 (year of major improvements,ergo vacancies too) 2017: 27,750 For sale by owner. Please email through Zillow for contact.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
