12-Unit Multifamily | On-Site Laundry Multi-Family FOR SALE


Baker, LA
$750,000 USD
225-571-3932
, Baker, LA for Sale
$750,000 USD
Multi-Family - FOR SALE
1/31
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12-Unit Multifamily | On-Site Laundry
Baker, LA


HIGHLIGHTS

  • Lease-up opportunity
  • Recently renovated- including major systems
  • Additional income stream from laundromat operations, estimated at $9,600 annually.
  • Recent capital improvements include newer HVAC systems and water heaters.
  • Individually metered utilities for water and electric, reducing owner expenses.
  • Three 4-plex buildings with a total of 12 units and an on-site laundromat.

OVERVIEW

Baker Trails presents a 12-unit multifamily portfolio consisting of three 4-plex buildings and an on-site laundromat with eight machines. Offered as a package at $750,000, this investment provides a strong value. The property features a mix of two- and three-bedroom units, with recent renovations to all downstairs units, including new cabinets, doors, sheetrock, electrical panels, and wiring. Each unit is individually metered for water and electric, and all central HVAC systems have been replaced within the past five years, along with newer water heaters. The property is currently 67% occupied, with 8 of 12 units leased. Three 3BR/1BA units were recently leased at $950/month, demonstrating lease-up momentum and supporting the pro forma rent assumptions. 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 currently estimated at $800 per month. Situated on 0.84 acres (3 lots) with ample parking and public utility access, this portfolio offers investors a strong repositioning play in a market with rising demand for affordable housing. In-place and pro forma rent roll summary and offering memorandum available. Showings by appointment only, do not disturb tenants.

ASK ABOUT THIS PROPERTY

Justen RiderCornerstone Management GroupMore Info
225-571-3932

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Justen RiderCornerstone Management GroupMore Info
225-571-3932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.