2875 Iowa St, Baton Rouge, LA 70802

Commercial property for lease

• Description
• This is a very nice 20 unit property located in a high future growth area in the Nicholson to downtown corridor. All the units are 1/1 central ac/heat.Nice wood floors. Walk to LSU. Each unit is 735 sq ft and they will potentially rent for $600 per month water/sewer/ trash included. Tenants pay electric. There is also a coin operated laundry for additional income. The property has pedestrian gates and plenty of parking. Newer roof, new exterior painting. Minor flooding on one unit, flood insurance on the location. Potential NOI of $93,600 per year with units leased for $600 at a 35% expense/ vacancy ratio. Viewing of units with an accepted offer subject to inspection. Full 2017 first half year rent rolls are posted as a PDF under photos and documents. Updated demographics are attached as well under documents.More detailed older financials are also attachedproperty taxes 2106 $ 6579, $600 and $583 per the three lotsInsurance Liability /property $ 9030. Flood laundry room $1260, property flood $4161 Building price details: $950,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	28
  Parking Type:	Surface

• Contact info
• Doug B Garland

  Coldwell Banker Commercial One
• Note

• Details Info about this row that located on 2875 Iowa 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.

  If you see any error or mismatches on this page – click here.