985 Monet Drive

Baton Rouge LA 70806

17473 sq. ft.

0.57 ac.

Multi-Family

Currently for sale - view listing

Overview

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 NEW ROOFS on both buildings (one in 2021, one in 2022), NEW 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 great 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 program, 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.