Investment Opportunity – 15 Unit Apartment Building
$585,000
1500 Norman Bauer Drive, Franklin, LA 70538
13.5
Cap Rate
79,000
NOI
Details:
Description:
Investment Opportunity – 15 Unit Apartment Building
Located at 1500 & 1503 Norman Bauer Dr in Franklin, La, these two well-maintained apartment buildings offer a stable income-producing asset in a desirable rental market. The property features 15 spacious townhouse style apartments.
All units are equipped with washer/dryer connections, ensuring tenant convenience and higher rental appeal. The property stays 100% occupied with little effort, providing immediate consistent cash flow.
Whether you're expanding your portfolio or seeking a turnkey investment, this multifamily opportunity is ideal for both new and seasoned investors.
15 Two-Bedroom, 1.5-Bath Units
Leased at $750/month
Washer/Dryer connections in all units
Tenant pays utilities
.53 Acres
13.5 CAP Rate
Documents:
| Title | ||
|---|---|---|
| Brochure |
Location
Gallery
