Address: 4735 Government St APT 201, Baton Rouge, LA 70806, USA
Created date: April 26, 2024
Date last updated: July 14, 2024
- Immediately income producing
- Value-add opportunity in some of Baton Rouge’s most desirable areas
- Property management is in place (Keyfinders Realty)
- All properties enjoy excellent proximity to major highways and essential amenities
Property Description
Now available for sale, this portfolio is an income-producing, value-add opportunity with properties off of College Dr, Government St, and Burbank Dr.
4767 Bawell St is a ±720 SF single-family rental featuring 2 bedrooms and 1 bathroom. It is currently vacant but was previously at $600/mo. The owner is fully remodeling the restroom and repainting to interior with hopes to have it back on the market mid May at $700/mo.
414 Jennifer Jean is a duplex right outside LSU Campus and off Burbank Dr. One side is 3 bedrooms and 2 baths, the other side is 2 bedrooms and 1 bath. Both units are occupied – one lease ends June 30, 2024 with automatic one year renewal (at $1,000/mo) and the other lease is MTM but has been in place 5+ years (at $700/mo).
4735 Government St, Unit 201 features one apartment condo with 1 bedroom, 1 bath. Current lease expires June 30, 2024 with automatic one year renewal at $850/mo. Association dues for this unit are $250/mo.
The 3 properties have the same property management in place (Keyfinders Realty).
This property is ideal for investors looking for a project with a clear path to increased value or landlords aiming to expand their rental portfolio with close proximity to major highways and essential amenities.