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18819 GREENWELL SPRINGS RD Central, LA 70739
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Key Details
Sold Price $740,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 10,280 sqft
Price per Sqft $71
Subdivision Rural Tract (No Subd)
MLS Listing ID 2020014687
Lot Size 2.860 Acres
Property Description
Investor Alert! Come check out this 9 unit property in Central. Fully occupied with leases in place and great return! The property is fully fenced, major capital improvements over the previous year include new roofing, ACs, flooring, paint, fixtures, plumbing and most electrical! The first home is a 2BR/2Ba house rented for $1400/month with a 2 year lease in place. Next is a 2BR/2Ba single wide rented for $1100/month with a 2 year lease in place. Next is a 3BR/2Ba triple wide with a one year lease at $1400/month. The next unit is a 4plex with 3 units consisting of 1BR/1Ba and one 2BR/1Ba unit. These rent for $800 per unit & $1100 per month for the 2BR/1Ba unit. The final unit is a duplex consisting of 2 units both 1BR/1Ba and rented for $800/month. Total monthly rental income is $9000/month. The owner pays utilities on the 4plex and the duplex. Most of the tenants are long term retired tenants on social security or fixed income. Owner made major capital improvements to create a much more manageable complex. Utility expense is about $500/month for the duplex and 4plex. Property taxes are around $1800/year and insurance is about $4200/year. Net income is $86,400.
Location
State LA
Parish East Baton Rouge
Area Ebr Mls Area 22
Schools
School District Central Community
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Bought with Keller Williams Realty Premier Partners