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Cleveland Portfolio

$370,000

1112 Convention Street, Baton Rouge, LA 70802

Active
Last Updated: 05/27/2022

8.7

Cap Rate

4,700 sqft

Building Size

Details:
Cap Rate:    8.7%
Building Size:    4,700 sqft
Lot Area:    0.27 acres
Units:    3
Occupancy:    100%
Zoning:    R1
Floors:    1
Heating:    Central
Cooling:    Central
Description:

This property consists of three single family residences sitting on two corner parcels measuring approximately 0.27 acres. Not sold separately. The properties share a quaint New Orleans style courtyard where the tenants are welcomed to gather and enjoy an evening of chats and spirits. The property was extensively renovated about five years ago and generates $3,600 of rental income per month. This is a great turnkey investment


At only four minutes from Downtown Baton Rouge and at very close proximity to other landmark venues such as the Watermark Luxury Hotel and the growing hustle and bustle of Red Stick Social in Mid-city, your tenants won't have a shortage of places to visit.

Map:
Documents:
Title
Marketing Material-Cleveland Portfolio-3.30.22
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Location
Gallery