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14024-14054 Azalea Park Dr Baton Rouge, LA 70816
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Key Details
Sold Price $810,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Azalea Park
MLS Listing ID BR2024010475
Sold Date 09/26/24
Bedrooms 8
Full Baths 8
Property Sub-Type Multi Family
Property Description
Offering Memorandum: https://buildout.com/connect/sharing/fully-occupied-multfamily-investment-off-old-hammond-hwy-14024-14044-14054-azalea-park-ave-baton-rouge-la-70816 Now available for sale, 14024, 14044, and 14054 Azalea Park Ave consists of three fourplex buildings, totaling 12 units on separate parcels. The property is 100% occupied, boasting an annual gross rental income of $105,300. This opportunity is situated just off Old Hammond Hwy near Millerville Rd, providing excellent access to I-10 and proximity to major retailers like Target, Best Buy, and Starbucks. The units feature durable ceramic tile flooring, enhancing both the aesthetic and functionality. 8 units are equipped with stackable washers and dryers provided by the owner, while the remaining 4 offer side-by-side washer and dryer connections. The roofs were replaced 5 years ago and all ground-floor units are upgraded with Thermopane windows for improved energy efficiency. Each fourplex benefits from designated off-street parking. This offering represents a stable income-producing asset with potential for full occupancy in a sought-after location, making it an attractive option for investors looking to expand their portfolio in the Baton Rouge area.
Location
State LA
Interior
Heating Central, Other, Heat Unit(s)
Cooling Central Air, Other, AC Unit(s)
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Garage Spaces 24.0
Total Parking Spaces 24
Building
Foundation Slab
Sewer Other Water/Sewer
Others
Tax ID 3121496, 3121488, 3085929
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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