Cypress Gates Apartments 20 Units

Multi-Family for Sale
Catylist Listing ID: 29819226
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 20 Units
Building Size (RSF): 21,000 SF
Gross Building Area: See Agent
Sale Price: $1,325,000
Unit Price: $66,250 Per Unit
Property Use Type: Investment
Building Name: Cypress Gates Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/31/2017

Overview / Comments

This income producing property is a perfect Investment opportunity. Owners have another Investment opportunity and need to sell this to move forward. Owners have owned it for 3 Years and have totally updated every UNIT as well as HVAC's. Good rent Income Owner Agent Call Agent for Rent Roll and expenses

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $8,000 (Annual)
Potential Rental Income $14,000 (Annual)

Additional Details

Nearest MSA: Baton Rouge
County: Livingston
Submarket/Township: 81
Tax ID/APN: 0077396
Market Type: Large
Property Located Between: Juban Road and Florida
Road Type: Paved
Transportation: Bus, Other
Total Number of Buildings: 5
Property Condition: Excellent
Number of Stories: 2
Year Built: 1970
Year Renovated: 2012
Roof Type: Arched
Construction/Siding: Brick, HardiePlank Siding
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity, Hot Water
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,142 39,927 73,762
Median Age: 34.07 33.88 33.58
Households: 1,161 14,456 26,554

Contact

Photograph of Listing Agent

Robby L Durham

Durham Real Estate Inc Baton Rouge, LA 70816
Not a member of MCAR CIE
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