NOT LISTED FOR SALE

Estimated Value: $357,000 - $449,000

3 Beds
2 Baths
3,325 Sq Ft
$117/Sq Ft Est. Value

Last Sold March 15, 2024

Current estimated payment $2,493/month

19 Days on Market

About This Home

As of March 2024

Investment Property near LSU with Huge Rent Income Potential and Opportunity for Serious Appreciation! Lee & Associates is pleased to present this rare opportunity to acquire a 5-unit multifamily property on a large lot that is so close to LSU. Four apartments measure approximately 614 sqft with the fifth measuring about 766 sqft, and the property also includes a 20x25' metal building in the back, which is currently leased as a studio/workspace. All of the units have hardwood floors and tons of natural light, and each unit is separately metered for electricity, gas and water. With some cleanup, the property boasts enormous potential for rental income (market rents for similar units in the area average $800+/month), making it an excellent opportunity for investors seeking solid returns. Additionally, with development projects being considered nearby, including the ongoing $40+ million project to rehabilitate the LSU Lakes, the prospect for appreciation is significant, making this property even more attractive as a long term investment. This property represents an excellent opportunity to secure a prime location with a tremendous outlook for growth.

Last Agent to Sell the Property

Nathan McBride

The W Group Real Estate LLC License #995712632 Listed on: 02/02/2024

The W Group Real Estate LLC

Last Buyer's Agent

Raina DiGiulio Johnson

DiGiulio Properties, LLC License #995683475

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,089

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x178.3x34.5x200.8

Parking

  • 5 Parking Spaces

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 3,325 Sq Ft Home
  • Heated Floors
  • Gas Cooktop

Location

  • Mineral Rights

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • Louisiana Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 819778

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,089

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Apt Complex (5+ Units)
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Kitchen Features: Cooktop: Gas
  • Estimated Total Sq Ft: 3325
  • List Price T Sq Ft: 105.263157
  • Price Per Sq Ft: 94.74
  • Source Sq Ft: APPROXIMATE

Exterior Features

  • Foundation: Piers Found
  • Siding: Wood Siding

Garage/Parking

  • Tot Park Spcs: 5

Utilities

  • Cooling: Window Units Cool
  • Heating: Floor Heaters, Wall Unit(s) Heat
  • Water Sewer: Public Sewer, Public Water
  • Air Conditioning Units: 5

Lot Info

  • Lot Number: 17
  • Acres: 0.17
  • Estimated Age: 76 + Years
  • Lot Dimensions: 50x178.3x34.5x200.8
  • Mineral Rights: CONVEYED

Multi Family

  • Heat Units: 5
  • Indiv Metered: Yes
  • Units: 5

Tax Info

  • FILLTAXID: 819778

MLS Schools

  • School System: East Baton Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 15, 2024
Sold by
Dirty 30 Enterprises Llc
Bought by
Over The Top Properties Llc
Seller's Agent
Nathan McBride
The W Group Real Estate LLC
Buyer's Agent
Raina DiGiulio Johnson
DiGiulio Properties, LLC
List Price
$350,000
Views
66
Current Estimated Value
$388,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.71%
Original Mortgage
$475,000
Outstanding Balance
$468,762
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$5,131

Purchase Details

Closed on
May 27, 2014
Sold by
Struck Craig
Bought by
Dirty 30 Enterprises Llc

Purchase Details

Closed on
Dec 7, 2005
Sold by
Raabe Jennifer W
Bought by
Struck Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2000
Sold by
Gala Investments Llc
Bought by
Whalen Dynamics Corp

Purchase Details

Closed on
Jun 30, 2000
Sold by
Whalen Dynamics Corporation
Bought by
Gala Investments Llc

Purchase Details

Closed on
Jul 31, 1998
Sold by
Roberts Sylvia
Bought by
Whalen Dynamics Corp
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
Over The Top Properties Llc $315,000 None Listed On Document
Dirty 30 Enterprises Llc $414,000 --
Struck Craig $227,000 --
Whalen Dynamics Corp $1,099 --
Gala Investments Llc $999 --
Whalen Dynamics Corp $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Struck Craig $181,600
Previous Owner Struck Craig $22,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold -- -- --
02/21/2024 02/21/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $350,000 -- $105 / 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 $5,089 $43,450 $1,320 $42,130
2023 $5,089 $43,450 $1,320 $42,130
2022 $5,188 $43,450 $1,320 $42,130
2021 $5,069 $43,450 $1,320 $42,130
2020 $5,036 $43,450 $1,320 $42,130
2019 $4,784 $39,500 $1,200 $38,300
2018 $4,725 $39,500 $1,200 $38,300
2017 $4,725 $39,500 $1,200 $38,300
2016 $4,608 $39,500 $1,200 $38,300
2015 $4,587 $39,300 $1,000 $38,300
2014 $1,866 $22,700 $1,000 $21,700
2013 -- $22,700 $1,000 $21,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Baton Rouge Association of REALTORS®

MLS Number: 2024001798

Greater Baton Rouge Association of REALTORS®

APN: 00819778