5423 Nicholson Dr., Baton Rouge, LA
Multi-family for Sale - $210,000 - 4,400 Sq. Ft. on 0.25 acres
Property Info
| CIMLS# | 913798 |
| Location 5423 Nicholson Dr. Baton Rouge LA 70820 | |
| Updated | January 18th, 2017 |
| Type | Multi-family |
| Price | $210,000 |
| Building | 4,400 Sq. Ft. |
| Land | 0.25 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 5411 & 5403 Nicholson Dr.
Location Description:
Off Nicholson South of East Boyd
Highlights:
>> Four units
>> Just south of LSU campus
>> Flood Zone X
>> No flooding
>> Fully leased
>> Owner pays water, sewer, and trash
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Financials
Sales Info:
>> Cap rate: 11.64%
>> Commision split: 3.0%
>> NOI: $24444
