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1019-1025 Rittiner Dr

Baton Rouge, LA 70806
  • $395,000
  • STATUS: Active
  • ON SITE: 84 Days
  • ID#: 2024008271
UPDATED: 144 min ago
$395,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,673
    SQFT
  • $108
    $/SQFT
Neighborhood:
Type:
Multi-Family

School Ratings & Info

School District:

Description

Lee & Associates is pleased to present this opportunity to acquire a 4-unit multifamily property located in the Garden District neighborhood in Mid City Baton Rouge. Each apartment measures approximately 918 square feet and contains two bedrooms and a single bathroom. All of the apartments are two floors, with the living room, dining room and kitchen on the lower floor and bedrooms and bathroom upstairs. All of the units boast hardwood floors and tons of natural light, and each unit is separately metered for electricity, gas and water. Current rents range from $900 to $950 per month. Rental income potential is huge for this building (market rents for similar units in the area average $1,100/month - $4,400/month total), making it an excellent opportunity for investors seeking solid returns. While it is in serviceable condition, this building will require foundation repair at some point in the future and is priced accordingly. This property includes an enormous back yard, providing flexibility for potential future uses of the lot. The Garden District has historically maintained high property values and rental demand, and it represents an extremely stable area for investors seeking long-term value through appreciation. With the new construction occurring just blocks to the north, this property represents an excellent opportunity to secure a prime location with a tremendous outlook for growth in property values.

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© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Deluxe Properties. Data last updated: 2024-07-25T13:32:59.75. Licensed in the State of Louisiana, USA. Deluxe Properties || (225) 410-0200 || Baton Rouge, LA
www.deluxepropertiesbr.com/homes/150097499
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1019-1025 Rittiner Dr Baton Rouge, LA 70806

  • Price: $395,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 144 min ago
  • ID#: 2024008271
0
Beds
0
Baths
0
½ Baths
0.35
Acres
3,673
SQFT
$108
$/SQFT
Neighborhood:
Rittiner Terrace
County:
East Baton Rouge
Area:
Ebr Mls Area 51
School District:
East Baton Rouge
Property Description
Lee & Associates is pleased to present this opportunity to acquire a 4-unit multifamily property located in the Garden District neighborhood in Mid City Baton Rouge. Each apartment measures approximately 918 square feet and contains two bedrooms and a single bathroom. All of the apartments are two floors, with the living room, dining room and kitchen on the lower floor and bedrooms and bathroom upstairs. All of the units boast hardwood floors and tons of natural light, and each unit is separately metered for electricity, gas and water. Current rents range from $900 to $950 per month. Rental income potential is huge for this building (market rents for similar units in the area average $1,100/month - $4,400/month total), making it an excellent opportunity for investors seeking solid returns. While it is in serviceable condition, this building will require foundation repair at some point in the future and is priced accordingly. This property includes an enormous back yard, providing flexibility for potential future uses of the lot. The Garden District has historically maintained high property values and rental demand, and it represents an extremely stable area for investors seeking long-term value through appreciation. With the new construction occurring just blocks to the north, this property represents an excellent opportunity to secure a prime location with a tremendous outlook for growth in property values.
Exterior Features

Lot Dimensions Irregular

Property Features

Approximate Age 76 + Years Association Fee NONE Lot Number 21 Property Type Fourplex (4 Units)

Greater Baton Rouge Association of Realtors logo Listing provided courtesy of Lee & Associates: 225-427-9200 .© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.


© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Deluxe Properties. Data last updated: 2024-07-25T13:32:59.75. Licensed in the State of Louisiana, USA. Deluxe Properties || (225) 410-0200 || Baton Rouge, LA
 
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Deluxe Properties
9542 Brookline Ave.
Baton Rouge LA, 70809