Fully renovated, 100% occupied completely turn-key apartment complex that is adjacent to LSU property outside the North Gate of LSU near Nicholson Dr.. This building features 27 2 bed, 1 bath units and one laundry room for 28 income producing units. Units are currently renting for between $800 - $850 a month, however some of the longer tenured tenants are paying less and represent a chance to raise income further. Rare opportunity to own a renovated complex in an area that still has tremendous future appreciation potential. Renovations include.... New HVAC in all 27 units + laundry (2019 and 2020 installation) New double pane windows/sliding doors/front doors in all 27 units + laundry 27 Units + Laundry with new electric panels 14 completely re-wired units (108-114, 208-214) 14 completely replumbed units (108-114, 208-214) 24 new (2019+) water heaters 6 Brand new electric meter panels New flat roof area in 2019 Architectural shingle roof <5 years old Exterior painted in 2019 Gutters added 2019 24 Units completely cosmetically modernized New vanities, new counters, new tub surrounds, new floors, quartz/granite counters, new paint, new lights, etc. 3 Units mostly modernized Combination of new counters, new floors, new tub surrounds, etc. Replacement cabinet doors stocked Laundry room washer/dryers owned/maintained through 3rd party. Security cameras on-site Baton Rouge Police Officer on-Site Expense breakdown attached in files. NO SHOWINGS UNTIL ACCEPTED CONTRACT DO NOT DISTURB TENANTS OWNER/AGENT
Listing By Ascend Real Estate Group
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