2447 Brownlee Dr

Baton Rouge, LA, 70808

$1,150,000

$62 per ft²
$1,150,000
$62 per ft²
Active
Active
 - For Sale
carpenters-square
18,325 ft²
property_type
Multi-family
Excellent 18-unit investment opportunity with upside (10 townhomes and 8 flats). Central location. The units are separately metered and all feature three bedroom with great finishes, granite, etc. The owners have tried to manage the property remotely from Atlanta, but the property needs good local management to maximize its potential. There is assumable debt at a 4.39% rate with approx. seven years of fixed rate term remaining. All units are occupied except for two which are rent-ready and currently being marketed for rent via Rently. Current gross potential income is approximately $13,700, and there is significant upside potential.
MLS® ID:
2022012255
Listed:
8/3/22
Updated:
8/12/22

Interior Features

Kitchen Features
Stone Counters
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Vinyl : Tile Floor
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
7,840 ft² lot
Sewer
Public Sewer

School Information

High School
East Baton Rouge
Elementary School
East Baton Rouge

Other Property Details

Area Name
EBR MLS Area 61
HOA Frequency
per YEAR
Garage
No
Parking
N
Parking Total
36.0
View
N
County
East Baton Rouge
Water Source
Public
Pool
No

Courtesy of Charles E Grand

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brandon Lively shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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