Rare apartment investment opportunity in the heart of Baton Rouge: Two Building

20-Unit Apartment Complex. Investors, seize this opportunity: Key Features include: two buildings, each with 10 open-concept 2 bed/1 bath, 900 sf units. Lots of upgrades on several units including PRISTINE ROOFS on both buildings (one in 2021, one in 2022 ), PRISTINE luxury vinyl plank flooring, fresh interior paint, new appliances and multiple plumbing and HVAC repairs and replacements. Excellent, safe location with close proximity to Baton Rouge Community College, Towne Center, tons of tremendous restaurants, LA State police headquarters, several parks, grocery stores and more. The complex itself is a quiet community right around the corner from a nice family-oriented park. Units are individually metered for power and tenants pay for power. Owner covers water/sewer/trash. Long-term leases on all occupied units. Plenty of room for adding value: instituting a RUBS prgram, increased rent over time, on-site laundry facility (not operational now, but great for additional income with minimal work/upgrades). OWNER OPEN TO SELLER FINANCING. SHOWINGS ALLOWED ON ANY VACANT UNITS!

NO INTERIOR SHOWINGS OR INSPECTIONS FOR OCCUPIED UNITS UNTIL AFTER UNDER CONTRACT. DO NOT DISTURB OR CONTACT TENANTS.

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on 985 Monet Dr
in Baton Rouge, LA
Presented by Amy Verges at
Sage Property Management, LLC.


Property MLS #2023019624 from BatonRouge

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+ Bedrooms

Bedrooms: 6

+ Bathrooms

Full Bathrooms: 3

+ Land Info

Lot Size Acres: 0.57
Lot Size Dimensions: 150x165
Lot Size Square Feet: 24829

+ School Information

School District: East Baton Rouge
+ Display Complete School Details

Capitol Middle School is a public middle school located approximately 1.1 miles away.
Map directions

Broadmoor Elementary School is a public elementary school located approximately 2.5 miles away.
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Broadmoor Senior High School is a public high school located approximately 2.8 miles away.
Map directions

Jehovah-Jireh Christian Academy is a private elementary, middle and high school located approximately 0.2 miles away.
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+ Multi-Unit Info

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1

+ Other Property Info

Source Listing Status: Active
Directions: Florida to Lobdell North on Lobdell left on Harry Drive, right on Monet
Source Property Type: Multi-Family
Area: EBR MLS Area 60
Source Neighborhood: Melrose East
Subdivision: Melrose East
Property Subtype: Apt Complex (5+ Units)
Source System Name: C2C
+ Reveal Property Sale History

Listed 2023-12-05
$1,595,000
BatonRouge

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Listing removed 2018-08-04
$0
BatonRouge

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Listing removed 2018-07-19
$729,500
BatonRouge

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Listed 2018-07-16
$729,500
BatonRouge

+ Building and Construction

Total Square Feet Living: 17473
Year Built Details: 31-40 Years