***NO SHOWINGS WITHOUT AN ACCEPTED PURCHASE AGREEMENT*** PLEASE REVIEW OFFERING MEMORANDUM ON OUR WEBSITE BEFORE REACHING OUT WITH QUESTIONS. This multifamily portfolio in the Historic Spanish Town Neighborhood consists of 11 units distributed between 4 buildings: two 4-unit apartment buildings joined by a catwalk (615 Spanish Town Rd), a single-family home (630 Lakeland Dr), and a duplex (located on the southern portion of the lot at 630 Lakeland Dr). The property is spread between two adjacent lots that stretch an entire block from Spanish Town Rd to Lakeland Dr, between N 6th St and N 7th St. Both the apartment buildings and duplex are two stories and are accessed from Spanish Town Road, with off-street parking for each. The single-family home faces Lakeland Dr and consist of 3 bedrooms & 2 bathrooms, totaling ±1,700 SF. 615 Spanish Town + Duplex: All 10 apartment units have central A/C, and 8 of the 10 apartments have in-unit washer/dryer. Some renovations have been completed on 8/10 of the apartment units, including a complete renovation to Unit 1. The roof is an estimated 12 years old. Landlord pays water, sewer, gas, and common area electric. Tenants pay their own electric, and a portion of utilities for 9&10 is split with 630 Lakeland Dr. 630 Lakeland Dr: Roof is an estimated 9 years, and the home has central A/C. Tenant is going into their 3rd year. Landlord pays water & sewer. Tenant pays electric & gas. This property is also being offered as part of a 37-unit portfolio. Contact broker for more info. https://buildout.com/connect/sharing/downtown-apartment-multifamily-portfolio-615-spanish-town-baton-rouge
The median home value in Baton Rouge, LA is $231,000. This is higher than the county median home value of $170,300. The national median home value is $219,700. The average price of homes sold in Baton Rouge, LA is $231,000. Approximately 41.82% of Baton Rouge homes are owned, compared to 43.36% rented, while 14.82% are vacant. Baton Rouge real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Baton Rouge real estate agent to arrange a tour today!
Baton Rouge, Louisiana has a population of 227,549. Baton Rouge is less family-centric than the surrounding county with 20.83% of the households containing married families with children. The county average for households married with children is 25.25%.
The median household income in Baton Rouge, Louisiana is $40,948. The median household income for the surrounding county is $51,436 compared to the national median of $57,652. The median age of people living in Baton Rouge is 31.1 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 40.5 degrees. The average rainfall is approximately 62.2 inches per year, with 0.1 inches of snow per year.