Adult 55+
Address
18819 Greenwell Springs Rd Central, LA
Price
$ 799,000
Property Attributes
  • MLS#2020014687
  • TypeMulti-Family
  • ParishEAST BATON ROUGE
  • CityCentral
  • AreaEbr Mls Area 22
  • NeighborhoodRural Tract
  • Zip70739
  • Style
  • Price$ 799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10280
  • Lot Size2.86 Acres
Listing Provided Courtesy Of:
Keller Williams Realty Red Stick Partners
Data Source:
Greater Baton Rouge Association of REALTORS
Property Description

Investor Alert! Come check out this 9 unit property in Central. Fully occupied with leases in place and great return! The property is fully fenced, major capital improvements over the previous year include new roofing, ACs, flooring, paint, fixtures, plumbing and most electrical! The first home is a 2BR/2Ba house rented for $1400/month with a 2 year lease in place. Next is a 2BR/2Ba single wide rented for $1100/month with a 2 year lease in place. Next is a 3BR/2Ba triple wide with a one year lease at $1400/month. The next unit is a 4plex with 3 units consisting of 1BR/1Ba and one 2BR/1Ba unit. These rent for $800 per unit & $1100 per month for the 2BR/1Ba unit. The final unit is a duplex consisting of 2 units both 1BR/1Ba and rented for $800/month. Total monthly rental income is $9000/month. The owner pays utilities on the 4plex and the duplex. Most of the tenants are long term retired tenants on social security or fixed income. Owner made major capital improvements to create a much more manageable complex. Utility expense is about $500/month for the duplex and 4plex. Property taxes are around $1800/year and insurance is about $4200/year. Net income is $86,400.

Price History
9/17/2020 Listed $799,000

General Features

Cooling Central Air Cool
Heating Central Heat
Listing Area EBR MLS Area 22

Interior Features

#units 1 1
#units 2 1
#units 3 1
#units 4 3
#units 5 2
#units 6 1
Bedrooms 1 2
Bedrooms 2 2
Bedrooms 3 3
Bedrooms 4 1
Bedrooms 5 1
Bedrooms 6 2
Full Baths 1 2
Full Baths 2 2
Full Baths 3 2
Full Baths 4 1
Full Baths 5 1
Full Baths 6 1
Heat Units 9
Kitchen Features Cooktop: Electric

Exterior Features

Existing Structures 5
Foundation Piers Found, Slab:Traditional Found
Lot Dimensions 125x1046
Lot Size Area 2.86
Siding Vinyl Siding
Water/Sewer Public Water, Septic Tank

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 70739

Price
AVG $800K
$800K
Visits
AVG 63
62
Walkscore
AVG 21
21
Data Provided by Walkscore ® not using MLS data

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