Catylist ID: #30163428
Lone Oak Apartments
Multi-Family for Sale
|Catylist Listing ID:||30163428|
|Number of Units:||60 Units|
|Building Size (RSF):||45,620 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||112,394 SF|
|Unit Price:||$42,000 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||88|
Overview / Comments
Property will ONLY be sold with Magnolia Gardens Apartments (#30163637) and Greenwell Plaza Apartments (30163621) which are located within 0.8 mile of Magnolia Gardens Apartment. Total of 282 units available for sale among all three complexes for $12,220,000.
Lone Oak Apartment complex is a two-story, garden style multifamily property consisting of 60 units and onsite coined laundry facility.
Listed at $2,520,000
Unit price - $42,000
Land 2.5802 acres (112,394 sqft)
Built in 1977
Complex is currently running at 86% (July) and 88% (August) occupancy.
14 units are 1bed/1bath – 585 sqft - $685
38 units are 2bed/1bath - 781 sqft - $785
8 units are 3bed/1.5bath – 969 sqft - $1025
Rentable sqft 45,620
Landlord pays all water, sewer, trash, electricity and gas.
Onsite shared laundry facility and vending machine adding additional income averaging $6800/year.
All units have dishwasher, range, hood, refrigerator, central air and heat. Most with “wood-look” vinyl plank or sheet, carpet, some ceramic and 8’ ceilings. Some with ceiling fans.
Call or email for additional information.
DO NOT DISTURB TENANTS OR MANAGEMENT
Additional information and Pro Forma in attached documents.
Attachments & Media
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Community Amenities:||On-Site Maintenance|
|Property Located Between:||Airline and Oak Villa|
|Airports:||Baton Rouge Airport|
|Number of Stories:||2|
|Heat Type:||Natural Gas|
|Proximity:||1 mile||3 miles||5 miles|
Leanne LaPlace EvansRE/MAX Professional Baton Rouge, LA 70809
Not a member of MCAR CIE
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