BRIGHTSIDE VIEW DR $2,480,000

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    BRIGHTSIDE VIEW DR Baton Rouge, LA 70820

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    $2,480,000

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    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 2019012829
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    Views: 525 Days On Market: 210

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    Property Details

    This portfolio of apartments totaling 20 units is comprised of 60 bedrooms and boasts consistent, immediate cash flow. The property is located just minutes from Louisiana State University and has historically achieved high occupancy with a tenant base primarily made of LSU students. Consisting of seven duplexes, one fourplex, and two condominium units on Brightside View Drive, this portfolio has little to no deferred maintenance and would be an incredible opportunity for an investor looking to generate profit with minimal upfront work. The portfolio has a diversified unit mix ranging from two-bedroom to four-bedroom units to appeal to any tenant's needs. Please view our Marketing Brochure for more information. - 20 Units / 60 Bedrooms - 8.21% 2018 Actual Cap Rate - Little to no deferred maintenance - Less than 2 miles south of LSU - Tenants pay all utilities

    • General Features
      • School System East Baton Rouge
    • Building Features
      • Heating Central Heat
      • Cooling Central Air Cool
      • Siding Brick Siding, Vinyl Siding
      • Foundation Slab:Traditional Found
    • Room Features
      • Kitchen Features Dishwasher, Microwave, Range/Oven, Refrigerator
    • Property Features
      • Water Sewer Public Sewer, Public Water
      • Lot Dimensions MULTIPLE LOTS
      • Mineral Rights CONVEYED

    Contact

    Katy Kleinpeter Caldwell

    Sales Associate

    Louisiana

    RE/MAX Real Estate Group

    Baton Rouge, LA

    Cell: 225-241-4113

    Neighborhood

    70820 (Baton Rouge) Demographics

    22 Median Age
    1,110 Population Density (per sq. mile)
    47% College Educated
    $25,425 Estimated Median Income
    1,575 Estimated Total Home Owners
    5,980 Estimated Total Renters
    21% / 79% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    21,111 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $217,450 Median Sales Price
    20 Homes Sold
    55 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,480,000
        1/17/2020 9:41:35 AM Price Reduced Source New Value: $2,480,000 -5.34%
        7/25/2019 2:42:00 PM New in Database Source New Value: $2,620,000

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        Listings marked with the GBRAR-approved BX icon are provided courtesy of the Greater Baton Rouge Association of Realtors, Inc. (Terms of Use). The BX Program of the Greater Baton Rouge Association of Realtors, Inc. only contains a portion of all active MLS Properties. Copyright 2020 GBRAR MLS Broker Exchange Database. All information provided is Deemed Reliable but Not Guaranteed and should be independently verified.