18819 GREENWELL SPRINGS RD Central, LA 70739
UPDATED:  
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799000
/mo

-1Bed

-1Bath

10280SqFt

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Key Details

Property Type: Single Family Home

Listing Status: Active

Purchase Type: For Sale

Square Footage: 10,280 sqft

Price per Sqft: $77

Lot Size: 2.860 Acres

MLS Listing ID: 2020014687

Subdivision: Rural Tract (No Subd)

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.

Location

State: LA

Parish: East Baton Rouge

Area: Ebr Mls Area 22

Schools

School District: Central Community

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Listing provided by  Keller Williams Realty Red Stick Partners

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Nearby School & Properties

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

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    Natalie Fofana Houzway
    Natalie Fofana

    Broker License ID: 0995700634

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