1500 Norman Bauer Dr - Multi-Family FOR SALE


Franklin, LA 70538
$585,000 USD
225-405-3257
1500 Norman Bauer Dr, Franklin, LA for Sale
$585,000 USD
Multi-Family - FOR SALE
1/7
null | 13.5% Cap Rate

1500 Norman Bauer Dr
Franklin, LA 70538


HIGHLIGHTS

  • Tenant pays utilities
  • Washer/Dryer connections in all units
  • 13.5 CAP Rate

OVERVIEW

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. Highlights: 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

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$47 USD /SF

# OF UNITS

15

PRICE/UNIT

$39,000

CAP RATE

13.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norman Bauer Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

2264741018

ASK ABOUT THIS PROPERTY

David VercherKW Commercial Baton RougeMore Info
225-405-3257

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David VercherKW Commercial Baton RougeMore Info
225-405-3257

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