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Key Details
Sold Price $183,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $81
Subdivision Riverland
MLS Listing ID 2024017144
Sold Date 09/07/24
Lot Size 7,840 Sqft
Property Sub-Type Duplex
Property Description
**Investment Opportunity: Fully Occupied Duplex in Baton Rouge, LA** Unlock steady cash flow with this fully tenant-occupied duplex, offering an impressive 11.62% cap rate. Situated in Flood Zone X, this property presents an ideal opportunity for house hacking, starting a real estate portfolio, or adding to an established one. Both units are currently rented to long-term tenants on month-to-month leases, with Section 8 potential available. Please respect tenant privacy; personal viewings will be scheduled post-contract execution. Rent roll for the previous year and last month's data available upon request. **Prime Features:** - 11.62% cap rate - Flood Zone X (no mandatory flood insurance) - Ideal for house hacking or portfolio building - Section 8 potential - Long-term tenants, month-to-month leases * **Disclaimer:** The cap rate provided is based on current financial information and market conditions and is for illustrative purposes only. It is not a guarantee of future performance. Buyers are advised to conduct their own independent analysis and due diligence, including reviewing all financial documents and market conditions, to verify the accuracy of the provided figures. Neither the seller nor the listing agent shall be held liable for any discrepancies or differences in the actual cap rate or property performance post-purchase.
Location
State LA
County East Baton Rouge
Direction Nicholson to Gardere, left on Ned, left on Mariner, right on Keel
Interior
Heating Central
Cooling Central Air
Appliance Electric Cooktop
Exterior
Garage Spaces 4.0
Private Pool false
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools East Baton Rouge
Middle Schools East Baton Rouge
High Schools East Baton Rouge
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition As Is
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Tracy Mathis
Broker Associate | License ID: 995680747
Broker Associate License ID: 995680747