985 Monet Drive
Baton Rouge, LA 70806
/ Melrose East
MLS ID# 2023019624 Active
Apt Complex (5+ Units)
$1,595,000
Details for 985 Monet Drive, Baton Rouge LA 70806
Rare apartment investment opportunity in the heart of Baton Rouge: Two Building, 20-Unit Apartment Complex. Investors, seize this opportunity: Key Features include: two buildings, each with 10 open-concept 2 bed/1 bath, 900 sf units. Lots of upgrades on several units including NEW ROOFS on both buildings (one in 2021, one in 2022), NEW luxury vinyl plank flooring, fresh interior paint, new appliances, and multiple plumbing and HVAC repairs and replacements. Excellent, safe location with close proximity to Baton Rouge Community College, Towne Center, tons of great restaurants, LA State police headquarters, several parks, grocery stores, and more. The complex itself is a quiet community right around the corner from a nice family-oriented park. Units are individually metered for power and tenants pay for power. Owner covers water/sewer/trash. Long-term leases on all occupied units. Plenty of room for adding value: instituting a RUBS program, increased rent over time, on-site laundry facility (not operational now, but great for additional income with minimal work/upgrades). OWNER OPEN TO SELLER FINANCING. **NO INTERIOR SHOWINGS OR INSPECTIONS UNTIL AFTER UNDER CONTRACT. DO NOT DISTURB OR CONTACT TENANTS.
Features and Details
- Category Multi-Family
- Type Apt Complex (5+ Units)
- Area/Neighborhood Melrose East
- County East Baton Rouge
- Lot Dimensions 150x165
- Acreage 0.57 Acres
- MLS ID# 2023019624
- Garage Capacity 40
- Living Area 775 sqft
- Room Name Size
- Construction
- Balcony, Slab:Traditional Found, Architec. Shingle Roof, Brick Siding,Other Siding
- Floor
- Vinyl:Tile
- Heat/Cool
- Central Heat, Central Air Cool
- Interior
- Dishwasher,Range/Oven,Refrigerator
- Exterior
- Parking Lot
- Owner/Tenant Pays
- Sewer,Trash,Water, Broadband Internet,Cable/Sat TV,Electric,Gas
- Compensation Amount
- 2.25%