More about 5087 BAKER BLVD, Baker, LA 70714
***Calling all Investors AND Owner-Occupants*** Property is 1 of (16) 4-Plex style buildings currently operating as an apartment complex. All 16 buildings are for sale!! Granite, ceramic, renovated 2011. Each building sits on individual parcel all owned by same owner. Complex is a Rental Property Investment Community. Perfect for rental income, 1031 Exchange, or College Students who want to live in 1 unit and rent the other 3. Cash Flow covers mortgage, all expenses and provides PASSIVE INCOME. Professional Management Included!!! HOA fees required at $500 per building per month. HOA fee includes property management, leasing, maintenance labor, grounds keeping, and common area electric. Individually metered, Tenants pay all utilities. Current rent is $699 per unit with upside potential after renovation. Can be purchased with residential loan. Perfect for FHA 203K Renovation Loan requiring only 3.5% down with owner occupancy. See Cash Flow Analysis for return on investment metrics.