1023 Laurel St

Description

BRAND NEW ROOF!!!! Welcome to this exceptional multi-family home which is divided into 3 separate apartments. This could also be utilized as a muliti-commercial office space/investment opportunity! If you love the charm of old homes (estimated that it was built in 1940) with 12' ceilings, original oak floors, & cast iron tubs, you’ll love this ideally located 2565 sq/ft home. Uniquely built with 3 apartments and located blocks away from Spanish Town and the Baton Rouge Downtown Development District, and not far from mid-city & LSU. It is the perfect investment opportunity! With a big beautiful porch, the “front” apartment of the home is currently leased w/ 2BD/1BA, gated along side courtyard & offers 1017 sq ft of living area. The “side” apartment, has its own driveway and parking and offers 1BD/1Ba, 921 sq. ft. with a sunroom, lots of storage space, an office nook, back covered deck & gated back yard. Currently vacant, with freshly painted kitchen and brand new appliances, this apt is ready for a new tenant/or owner occupant, NOW. The “back” apartment, which is leased, is a 1Bd/1BA and 626 sq ft. Large shed in back offers one side of storage and one side of Utility room/creative space. * In-unit laundry hookups in the front and rear apts * Separate utility meters *- tenants pay their own utilities.* Owner covers Wi-Fi bill of around $80/mo. This income-producing property offers a strong opportunity for investors seeking both stability and upside. Existing tenants provide reliable cash flow, while the versatile layout also allows for multiple families, multiple offices/professional use. The sale includes Lot 7 (60 x 130) and Lot 8 (30 x 130), with Lot 8 featuring a dedicated driveway on the right providing access to the side apartment. The additional lot presents further value-add potential and could be developed for an additional business, subject to adding a structure and any applicable approvals. Don’t miss this opportunity to build equity!