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$ 750,000
Est. payment /mo
Price Dropped by $25K
5071/5081/5087 Baker Blvd Baker, LA 70714
8,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $85
Subdivision Baker Trails
MLS Listing ID 2026002777
Lot Size 0.590 Acres
Property Sub-Type Apt Complex (5+ Units)
Property Description
Renovated 12 unit multifamily (3 buildings, 4 units each) with a mix of 3 bedroom and 2 bedroom units.The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own. The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC systems installed within approximately the last 5 years, newer water heaters, and updated electrical panels, meter pans, and wiring in most units. Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow.
Location
State LA
County East Baton Rouge
Interior
Heating Central
Cooling Central Air
Equipment Individual Meter
Exterior
Garage Spaces 24.0
Private Pool false
Building
Foundation Slab
Sewer Comm. Sewer, Public Sewer
Water Public
Schools
Elementary Schools City Of Baker
Middle Schools City Of Baker
High Schools City Of Baker
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Cornerstone Management Group LLC
Schools Near
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