5163 BAKER BLVD, Baker, LA 70714 | Baker Home For Sale and Real Estate

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More about 5163 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.

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Property Details
Price
$219,900
Area No
EBR MLS Area 11
County
EAST BATON ROUGE
Property Type
Multifamily
Appliances
Cable Ready
Heating
Central
Cooling
Central Air Cool
Stories
2 Story
Exterior Features
Landscaped, Porch,
Parking
Parking Lot
Area
EBR MLS Area 11
Acres
0.190
Surrounding Properties
Property Map
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BX
Courtesy Of Baton Rouge Association of REALTORS Multiple Listing Service

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