4609 Earl Gros Ave, Baton Rouge, LA 70820

Commercial property for lease

• Description
• The property consists of 8 standard 1 BR units. Each unit has a living room/dining area, kitchen, bedroom and bath and contains 560 sq ft living area. The apartments are window units heat and cool. The water/sewer and trash is included in the rent. Current rents are very low ranging from $425-475.All leases are month to month. One unit is currently used as an office/storage area.Roof was installed August 2014. There are two exterior stairs under a covered breezeway that leads to the upper units. Under the stairs are washer dryer connections .Access to the units can easily be gated under the breezeway on both ends. Viewing of units with an accepted offer subject to inspection. Potential NOI if units are leased at $575 with a 35% expense/vacancy ratio is $35,800 and 12.5 capcurrent Sep rents are $3050 for the 7 units , assume office conversion back to a unit at $450 makes rents $3500 per month. Current cap would be 10.72016 Gross rents $32,013 for 7 unitsWater/Sewer $140/monthHouse meter/security lights electric $57/monthProperty taxes $3088Insurance $2821 Repairs $3400 in 2016Office Phone and misc $937 yearlyProperty sketch attached in the listing under attachments and mediaCurrent owner does not have flood insurance, a small rear portion of the lot may be in the flood zone. Did not flood in August 2016 Building price details: $254,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	12

• Contact info
• Doug B Garland

  Coldwell Banker Commercial One
• Note

• Details Info about this row that located on 4609 Earl Gros Ave, Baton Rouge, LA 70820 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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