Listed by Castro Real Estate Services
$665,000
4 Palms
Details
APN 688231
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,800
Net Rentable (SqFt) 7,800
Units 8
Cap Rate 8.16%
NOI $54,231
Occupancy 100%
Price per SqFt $85
Broker Co-Op Yes
Class C
Buildings 3
Stories 2
Lot Size (SqFt) 12,800
Zoning A2
Investment Type Value Add
Multifamily | 8 Units | $83,125/unit
Marketing description
The Opportunity: Prime Mid-City Passive IncomeInvest in the
heart of Baton Rouge’s most vibrant cultural district with this
8-unit multi-family asset. Located at 317 East Drive, this
property offers a rare combination of stability and significant
upside potential in the sought-after Mid-City submarket.
Baton Rouge.
Investment highlights
Property Highlights
- 2 Story Condo Style Units
- Tenant Pays Lights, Internet
- Landlord Pay Water, but Reinbursed
- Laundromat Onsite
- Two buildings and a the laundromat
- New roof on one of the buildings
Listing Contacts
Listed by Castro Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,231.00
$4,519.25/mo
Valuation Metrics
0
DSCR
8.16%
Cap Rate
8.16%
ROI
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