7
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$175,000
Est. payment /mo
12,000 SqFt
Active
82260 Training Center Rd Folsom, LA 70437
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UPDATED:
01/17/2025 10:34 PM
Key Details
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $14
Subdivision Folsom Thoroughbred Training
MLS Listing ID 2025001130
HOA Fees $250/ann
HOA Y/N true
Lot Size 0.710 Acres
Property Description
Exciting Investment Opportunity with excellent cashflow and potential for more! This barn is equipped with 20 stalls, washing station, feed room, utility and tack room, a fully functioning walking wheel, and a huge hay loft for storage or to add more apartments of additional income! Stalls currently rent for $150 per month per stall for a potential of $3000 per month. The 1 bedroom 1 full bath apartments upstairs rent between $350-400 per unit with one unit currently rented with a long term tenant at $400 per month. Purchase of the property grants access to a fully operating and maintained 3/4 mile racetrack with starting gates.
Location
State LA
County St Tammany
Interior
Heating None
Cooling None
Appliance Electric Cooktop
Exterior
Garage Spaces 4.0
Private Pool false
Building
Foundation Other
Sewer Septic Tank
Water Public
Schools
Elementary Schools St Tammany Parish
Middle Schools St Tammany Parish
High Schools St Tammany Parish
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
Listed by Southland Properties Inc