$169,500
$183,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 01/24/2025
Key Details
Sold Price $169,500
Property Type Other Types
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Riverland
MLS Listing ID 2024017144
Sold Date 01/24/25
HOA Y/N No
Year Built 1981
Acres 0.18
Lot Dimensions 58x137
Property Sub-Type Duplex
Source ROAM MLS
Property Description
**Investment Opportunity: Fully Occupied Duplex in Baton Rouge, LA** Unlock steady cash flow with this fully tenant-occupied duplex, offering an impressive 11.62% cap rate. Situated in Flood Zone X, this property presents an ideal opportunity for house hacking, starting a real estate portfolio, or adding to an established one. Both units are currently rented to long-term tenants on month-to-month leases, with Section 8 potential available. Please respect tenant privacy; personal viewings will be scheduled post-contract execution. Rent roll for the previous year and last month's data available upon request. **Prime Features:** - 11.62% cap rate - Flood Zone X (no mandatory flood insurance) - Ideal for house hacking or portfolio building - Section 8 potential - Long-term tenants, month-to-month leases * **Disclaimer:** The cap rate provided is based on current financial information and market conditions and is for illustrative purposes only. It is not a guarantee of future performance. Buyers are advised to conduct their own independent analysis and due diligence, including reviewing all financial documents and market conditions, to verify the accuracy of the provided figures. Neither the seller nor the listing agent shall be held liable for any discrepancies or differences in the actual cap rate or property performance post-purchase.
Location
State LA
County East Baton Rouge
Community Riverland
Area 0.18
Direction Nicholson to Gardere, left on Ned, left on Mariner, right on Keel
Interior
Cooling Central Air
Fireplace No
Exterior
Garage Spaces 4.0
Total Parking Spaces 4
Garage No
Building
Foundation Slab
Water Public
New Construction No
Others
Tax ID 38431
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