NOT LISTED FOR SALE

Estimated Value: $361,000 - $463,000

2 Beds
3 Baths
2,000 Sq Ft
$216/Sq Ft Est. Value

Last Sold November 17, 2023

Current estimated payment $2,766/month

284 Days on Market

About This Home

As of November 2023

This fourplex is currently 75% occupied. The subject property is located just ±0.5 mile from Joor Rd at Hooper Rd, a high visibility signaled intersection that enjoys ±29,775 daily traffic. Morgan Hill Ct is located nearby several amenities including Walmart, Winn-Dixie, Exxon, the ERBP Library, Autozone, Dollar General, and more. The property is located in a cul-de-sac adjacent to a residential neighborhood, Morgan Place West, which contains 83 homes. On the Joor Rd side, the fourplex is surrounded by numerous non-neighborhood residential homes. The property is located within the Central school system, a top 10% school in Louisiana. Central, LA is a suburb of Baton Rouge experiencing rapid development. The city has several projects under construction including the Settlement on Shoe Creek (over 479 home sites, 250 apartments, 100 Assisted Living Units, numerous parks, and more than 150,000 square feet of commercial space), Central Guest House Healthcare & Rehabilitation Center (170 units), a new School Board complex, national franchise locations such as Walk-On's and Five Guys, and more. • 75% Occupied • Situated within the Central school system, ranked in top 10% of Louisiana schools • Located ±0.5 mile from Joor Rd at Hooper Rd – ±29,775 daily traffic • Near several amenities including Walmart, Winn-Dixie, Exxon, and EBRP Library ***To access the FINANCIALS (rent roll, income, expense, etc.), please navigate to https://elifinrealty.com/deals/?propertyId=multifamily-investment-opportunity-in-central-11823-morgan-hill-ct-baton-rouge-la-70818 and click “Documents," then "Offering Memorandum". From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Last Agent to Sell the Property

Mathew Laborde

Elifin Realty License #0995694683 Listed on: 01/12/2023

Last Buyer's Agent

Perry Musgrow

Elifin Realty License #0000020470

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,209

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70x110

Parking

  • 8 Parking Spaces

Home Design

  • 2,000 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Vinyl Siding

Kitchen

  • Oven or Range
  • Dishwasher

Additional Features

  • Mineral Rights
  • Central Heating and Cooling System

Community Details

  • Morgan Place West Subdivision

Listing and Financial Details

  • Assessor Parcel Number 130877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,209

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Fourplex (4 Units)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Kitchen Features: Dishwasher, Range/Oven, Refrigerator
  • Estimated Total Sq Ft: 2000
  • List Price T Sq Ft: 240
  • Price Per Sq Ft: 215
  • Source Sq Ft: APPROXIMATE

Exterior Features

  • Foundation: Slab:Traditional Found
  • Siding: Vinyl Siding

Garage/Parking

  • Tot Park Spcs: 8

Utilities

  • Cooling: Central Air Cool
  • Heating: Central Heat
  • Water Sewer: Public Sewer, Public Water
  • Air Conditioning Units: 4

Lot Info

  • Lot Number: 89
  • Acres: 0.18
  • Estimated Age: 31-40 Years
  • Lot Dimensions: 70x110
  • Mineral Rights: CONVEYED

Multi Family

  • Heat Units: 4
  • Indiv Metered: Yes
  • Units: 4

Tax Info

  • FILLTAXID: 130877

MLS Schools

  • School System: Central Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Nov 17, 2023
Sold by
Peabody Family Irrevocable Trust
Bought by
Cbc Properties Llc
Seller's Agent
Mathew Laborde
Elifin Realty
Buyer's Agent
Perry Musgrow
Elifin Realty
List Price
$480,000
Views
7
Current Estimated Value
$431,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.13%

Purchase Details

Closed on
Dec 21, 2015
Sold by
Peabody Richard Lee and Peabody Dianne B
Bought by
The Peabody Family Irrevocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cbc Properties Llc $430,000 None Listed On Document
The Peabody Family Irrevocable Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold -- -- --
10/23/2023 10/23/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $480,000 -- $240 / Sq Ft
Source: Greater Baton Rouge Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,209 $40,850 $8,000 $32,850
2023 $5,209 $21,050 $2,200 $18,850
2022 $2,812 $21,050 $2,200 $18,850
2021 $2,812 $21,050 $2,200 $18,850
2020 $2,759 $21,050 $2,200 $18,850
2019 $2,307 $17,050 $2,200 $14,850
2018 $2,282 $17,050 $2,200 $14,850
2017 $2,282 $17,050 $2,200 $14,850
2016 $2,231 $17,050 $2,200 $14,850
2015 $1,817 $13,550 $2,200 $11,350
2014 $1,754 $13,550 $2,200 $11,350
2013 -- $13,550 $2,200 $11,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Baton Rouge Association of REALTORS®

MLS Number: 2023014097

Greater Baton Rouge Association of REALTORS®

APN: 00130877