Property Listing No Longer Available for Sale

5411 Nicholson Dr., Baton Rouge, LA

Multi-family for Sale - $210,000 - 4,400 Sq. Ft. on 0.25 acres

Property Info

  5411 Nicholson Dr.
  Baton Rouge LA 70820
UpdatedJanuary 5th, 2017
Building4,400 Sq. Ft.
Land0.25 acres

Property Description

Four unit apartment building just south of LSU Campus. No flood zone and has not flooded. Owner pays water, sewer and trash. Fully leased. Average monthly expenses are as follows. Water $110, Dumpster $50, Lawn Care $80. Currently professionally managed. Also available are 5403 & 5423 Nicholson Dr.

Location Description:

Off Nicholson South of East Boyd


>> Four units

>> South of LSU campus

>> Flood Zone X

>> No flooding

>> Fully leased

>> Owner pays water, sewer, and trash

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Sales Info:

>> Cap rate: 11.95%

>> Commision split: 3.0%

>> NOI: $25092

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