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


Baker, LA
$855,000 USD
225-571-3932
, Baker, LA for Sale
$855,000 USD
Multi-Family - FOR SALE
1/31
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12-Unit Multifamily | On-Site Laundry
Baker, LA


HIGHLIGHTS

  • Lease-up value add
  • 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 $855,000, this investment provides a compelling value-add opportunity in East Baton Rouge Parish. 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. Current occupancy is approximately 42%, creating significant upside through lease-up and operational improvements. In-place rents generate $3,800 per month, while pro forma projections estimate $10,300 per month upon stabilization, equating to $123,600 annually. Additional income potential exists through the on-site laundromat, estimated at $800 per month, with further growth as surrounding properties increase occupancy. Situated on 0.84 acres 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.