5071/5081/5087 Baker Blvd, Baker, LA 70714
5071/5081/5087 Baker Blvd, Baker, LA 70714
5071/5081/5087 Baker Blvd, Baker, LA 70714
5071/5081/5087 Baker Blvd, Baker, LA 70714
5071/5081/5087 Baker Blvd, Baker, LA 70714
5071/5081/5087 Baker Blvd, Baker, LA 70714
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Brook Freeman

Brook Freeman

+1(985) 688-1707
$ 750,000
Est. payment | /mo

8,800 SqFt

Save
$ 750,000
Est. payment | /mo
Save

8,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Apt Complex (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 8,800 sqft

Price per Sqft $85

Subdivision Baker Trails

MLS Listing ID 2026002777

Lot Size 0.590 Acres

Property Sub-Type Apt Complex (5+ Units)

Property Description

Renovated 12 unit multifamily (3 buildings, 4 units each) with a mix of 3 bedroom and 2 bedroom units.The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own. The property is currently 67% occupied, with 8 of 12 units leased. Three 3BR/1BA units were recently leased at $950/month. Current in-place rent is approximately $6,650/month, with additional upside through the lease-up of the remaining vacant 2BR/1BA units and continued laundromat income growth as occupancy improves. Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow. The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC systems installed within approximately the last 5 years, newer water heaters, and updated electrical panels, meter pans, and wiring in most units.

Location

State LA

County East Baton Rouge

Interior

Heating Central

Cooling Central Air

Equipment Individual Meter

Exterior

Garage Spaces 24.0

Private Pool false

Building

Foundation Slab

Sewer Comm. Sewer, Public Sewer

Water Public

Schools

Elementary Schools City Of Baker

Middle Schools City Of Baker

High Schools City Of Baker

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Cornerstone Management Group LLC

Schools and Properties Nearby

Brook Freeman

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(985) 688-1707

brookfreemanrealtor@gmail.com

1340 W Tunnel Blvd Ste. 223, LA 70360 USA

Learn More About LPT Realty

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5071/5081/5087 Baker Blvd