Description
Don't miss this investment opportunity in Baton Rouge! This fully renovated 9 unit apartment complex features a mix of 5 spacious two bedroom units, 3 modern studio units, and 1 one bedroom unit all updated in 2021 with new paint, drywall, stylish laminate flooring, upgraded fixtures, and new appliances. A new roof was also installed in 2021, offering peace of mind for years to come. Currently Section 8 approved, this has a potential gross income of $6,800/month, delivering an impressive 25.5% annual return on investment at full occupancy. Conveniently located on a bus route for easy tenant commuting, and just steps away from a washateria at the corner of the street. An additional concrete slab on-site offers the exciting potential to develop up to 8 more units. Whether you're expanding your portfolio or diving into your first multi-family venture, this property checks all the boxes. Schedule your private showing today!
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0BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
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5,176SQFT
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$63$/SQFT
Description
Don't miss this investment opportunity in Baton Rouge! This fully renovated 9 unit apartment complex features a mix of 5 spacious two bedroom units, 3 modern studio units, and 1 one bedroom unit all updated in 2021 with new paint, drywall, stylish laminate flooring, upgraded fixtures, and new appliances. A new roof was also installed in 2021, offering peace of mind for years to come. Currently Section 8 approved, this has a potential gross income of $6,800/month, delivering an impressive 25.5% annual return on investment at full occupancy. Conveniently located on a bus route for easy tenant commuting, and just steps away from a washateria at the corner of the street. An additional concrete slab on-site offers the exciting potential to develop up to 8 more units. Whether you're expanding your portfolio or diving into your first multi-family venture, this property checks all the boxes. Schedule your private showing today!
© 2025 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Move Real Estate. Data last updated: 2025-05-22T21:32:10.41. Licensed in the State of Louisiana, USA. Smart Move Real Estate || 225-448-2850 || Baton Rouge, LA
Listing provided courtesy of Keller Williams Realty-First Choice: 225-744-0044 .© 2025 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.