651 & 653 Monet Dr., Baton Rouge, LA
Multi-family for Sale - $425,000 - 7,800 Sq. Ft. on 0.48 acres
Property Info
| CIMLS# | 910706 |
| Location 651 & 653 Monet Dr. Baton Rouge LA 70806 | |
| Updated | February 1st, 2018 |
| Type | Multi-family |
| Price | $425,000 |
| Building | 7,800 Sq. Ft. |
| Land | 0.48 acres |
Property Description
Property consists of two 8 unit apartment buildings. To be sold as a package with 1042 Monet. All units are professionally managed 1 bedroom 1 bath. Rents average $450 per month per apartment. Most units were renovated in 2014.
Location Description:
Donmoor to Monet
Highlights:
>> 16 units
>> .48 Acre lot
>> Stays 100% Occupied
>> Most units renovated in 2014
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Financials
Sales Info:
>> Cap rate: 14.0%
>> Commision split: 3.0%
>> NOI: $49890