CENTURY 21 Action Alert

8820 Greenwell Springs Rd, Baton Rouge, LA 70814 — Price: $5,100,000

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Multi-Family Home
Square Feet 95,566
# Stories 2
MLS Number: 2017014190


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 Community Information:
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Community Stats

Directions


Airline Hwy, head East on Greenwell Springs Rd. Complex on right.

Description


Magnolia Gardens Apartment Complex is a two-story, garden style multifamily property total of 119 units with onsite leasing office, swimming pool and onsite coined laundry facility. Property did not flood during Aug 2016 Flood. Listed at $5,100,000 Unit price - $42,857 Land 4.118+- acres (179,380 +-sqft) Built in 1977 Complex is currently running at 91% occupancy. 36 units are 1bed/1bath - 665 sqft- $600/mth or $700 for electricity included 32 units are 2bed/1bath -788 sqft - $650/mth or $825 for electricity included 51 units are 2bed/1.5bath - 910 sqft - $675/mth or $850 for electricity included Rentable sqft 95,566 About half of complex has ''electricity included" adding additional cost to monthly rent. Tenant has the choice. Landlord pays all water, sewer and trash. Onsite shared laundry facilities and vending machines adding additional income averaging $13,700/year. All units have dishwasher, range, hood, refrigerator, central air and heat. Most with vinyl plank or sheet flooring and carpet. Some with ceiling fans. Call or email for additional information. DO NOT DISTURB TENANTS OR MANAGEMENT Property will ONLY be sold with Greenwell Plaza Apartments and Lone Oak Apartments which are located within 0.8 mile of Magnolia Gardens Apartment.

Features:


Schools School district: East Baton Rouge
Appliances Range/Oven
Dishwasher
Refrigerator
Heating/Cooling Central air
Central heat
Garage Parking spaces: 218
Exterior Frame exterior
Lot Lot acreage is: 4.118
Lot dimension is: irregular
Level lot
Subdivision: Sunny Brook Farms
Lot number: 15A and 15B
Roofing Asphalt shingle roof
Basement Slab Foundation
Utilities Public sewer
Public water
Construction Units in building(s): 119


Mortgage Payments


The approximate monthly Principal & Interest payment for this property would be $24,548.90.
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Courtesy of:


RE/MAX Professional



© 2017, Greater Baton Rouge Association of Realtors. All Rights Reserved. Real estate listings held by brokerage firms other than CENTURY 21 Action Realty are marked with the Internet Data Exchange Program logo, and detailed information includes the name of the listing broker. Information is believed to be accurate but not guaranteed. Listing information is provided for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties clients may be interested in purchasing. All properties are subject to prior sale or withdrawal.