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28960 Highland Dr

Walker, LA 70785
  • $950,000
  • STATUS: Active
  • ON SITE: 206 Days
  • ID#: 2024007060
UPDATED: 67 min ago
$950,000
  • 0
    BEDS
  • 0.94
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,017
    SQFT
  • $79
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:

Description

Situated on a sprawling acre of land, this charming apartment complex comprises four buildings, including three triplexes and one duplex, offering a total of 11 doors for potential tenants. Nestled within the tranquil confines of a 1-acre lot, measuring 263.8x330.4, these units boast cozy living spaces averaging 900 square feet, each containing 2 bedrooms and 1 full bath. Building 1 showcases an estimated living area of 2,833 square feet, complemented by spacious 400-square-foot front and back porches. Building 2, a duplex offers approximately 1,635 square feet of living space alongside inviting 230-square-foot front and back porches. Meanwhile, Buildings 3 and 4 each offer an estimated living area of 2,452.8 square feet, enhanced by expansive 346-square-foot front and back porches. 100% occupied! Managed internally, the property features convenient amenities such as a coin-operated laundry facility adjacent to Unit A, equipped with two washers and two dryers, all replaced in 2023. Maintenance is a top priority, with 10 serviced AC units and annual inspections ensuring optimal functionality. This is a lucrative investment opportunity. Showings will be scheduled post-offer acceptance, providing a firsthand glimpse into the potential of this remarkable property. Did not flood, does not require flood insurance, flood zone X. Cap rate fluctuates pending vacancies but overall averages 10%, along with the average Gross Annual rent: $127,440, Monthly: $10,620. NOI: Average $96,609.72. Total Monthly expenses: $2,569.17

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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: 2024-11-12T12:32:27.523. Licensed in the State of Louisiana, USA. Deluxe Properties || (225) 410-0200 || Baton Rouge, LA
www.deluxepropertiesbr.com/homes/149477239
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28960 Highland Dr Walker, LA 70785

  • Price: $950,000
  • Status: Active
  • On Site: 206 Days
  • Updated: 67 min ago
  • ID#: 2024007060
0
Beds
0
Baths
0
½ Baths
0.94
Acres
12,017
SQFT
$79
$/SQFT
Neighborhood:
Highland Acres
County:
Livingston
Area:
Liv Mls Area 82
School District:
Livingston Parish
Property Description
Situated on a sprawling acre of land, this charming apartment complex comprises four buildings, including three triplexes and one duplex, offering a total of 11 doors for potential tenants. Nestled within the tranquil confines of a 1-acre lot, measuring 263.8x330.4, these units boast cozy living spaces averaging 900 square feet, each containing 2 bedrooms and 1 full bath. Building 1 showcases an estimated living area of 2,833 square feet, complemented by spacious 400-square-foot front and back porches. Building 2, a duplex offers approximately 1,635 square feet of living space alongside inviting 230-square-foot front and back porches. Meanwhile, Buildings 3 and 4 each offer an estimated living area of 2,452.8 square feet, enhanced by expansive 346-square-foot front and back porches. 100% occupied! Managed internally, the property features convenient amenities such as a coin-operated laundry facility adjacent to Unit A, equipped with two washers and two dryers, all replaced in 2023. Maintenance is a top priority, with 10 serviced AC units and annual inspections ensuring optimal functionality. This is a lucrative investment opportunity. Showings will be scheduled post-offer acceptance, providing a firsthand glimpse into the potential of this remarkable property. Did not flood, does not require flood insurance, flood zone X. Cap rate fluctuates pending vacancies but overall averages 10%, along with the average Gross Annual rent: $127,440, Monthly: $10,620. NOI: Average $96,609.72. Total Monthly expenses: $2,569.17
Exterior Features

Lot Dimensions 155x264

Property Features

Approximate Age 41-50 Years Association Fee NONE Lot Number 3 Property Type Apt Complex (5+ Units)

Greater Baton Rouge Association of Realtors logo Listing provided courtesy of Pennant Real Estate: 225-663-2112 .© 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: 2024-11-12T12:32:27.523. 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