418 E State St, Baton Rouge, LA 70802

Commercial property for lease

• Description
• Vintage historical building located adjacent to the LSU campus. This building was built in the 1930's and was known as professors row.Famed area for artists and writers .The adjacent building at one time had 4 Pulitzer prize winners living there. This building has three stories with adequate parking in the rear. The top two floors are both 3/2 units that rent in a range of $950 to $1100 per month depending on demand. Washer and dryers in both. Wood floors, lots of windows and large rooms. Each unit is about 1500 sq ft. The bottom or basement floor has two large 1 BR units that rent for $450 to $550 per month. Tenants pay all utilities including water. A large circular staircase is used for inside access and the bottom floor units also have a door in the rear. This building is a twin to the adjacent building and the two units share a common driveway to the rear parking lot under a beautiful live oak tree. DID NOT FLOOD.Flood zone X. Great opportunity to renovate these properties and increase the rents up to 50%. ELIGIBLE FOR STATE HISTORIC TAX CREDITS AS THIS ADDRESS IS WITHIN THE OLD SOUTH BATON ROUGE CULTURAL DISTRICT.2016 and 2017 Rent rolls attached as excel under photos and documents. 2016 property taxes $2916. Insurance Liability $204, property $1819The adjacent twin building has been renovated and gets $1500 for the 3 BR, and $775-825 for the 1 BR unitsTax Credit Info attached under photos and documents Building price details: $500,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	7
  Parking Type:	Surface, Other

• Contact info
• Doug B Garland

  Coldwell Banker Commercial One
• Note

• Details Info about this row that located on 418 E State St, Baton Rouge, LA 70802 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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