14 unit apartment complex in flourishing Mid City area. 100% occupied, new roof in 2017, new exterior paint, 11 of 14 units renovated, new laundry room equipment, plus several new water heaters and HVAC units. Six 2 bed/1 bath units and eight 1 bed/1 bath units. This property has been professionally managed and well-maintained for over two years. Flood zone X--no lender required flood insurance and has never flooded. Tenants pay power; owner pays water/sewer/trash. $8425 gross monthly rent with around $200 monthly laundry room income. Vacant units fill quickly so occupancy is always high. Great location in booming Mid City with easy access to the upcoming Amazon Distribution Center, Baton Rouge Community College, downtown area, and more. The complex is a stand alone building with plenty of privacy and control over your investment. ***PLEASE DO NOT DISTURB TENANTS. NO SHOWINGS UNTIL UNDER CONTRACT. $10,000 deposit required ($5,000 of which will be NON-REFUNDABLE with NO CONTINGENCIES) to ensure serious buyers only.
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