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3265 Ivanhoe St

Baton Rouge, LA 70802
  • $350,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • ID#: 2024001798
Pending
UPDATED: 31 min ago
$350,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,325
    SQFT
  • $105
    $/SQFT
Neighborhood:
Type:
Multi-Family

School Ratings & Info

School District:

Description

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.

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© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Darren James & Associates brokered by LPT Realty. Data last updated: 2024-02-25T07:32:19.67. Licensed in the State of Louisiana, USA. Darren James & Associates brokered by LPT Realty || (225)335-7666 || Denham Springs, LA
www.agent225.com/homes/147227384
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3265 Ivanhoe St Baton Rouge, LA 70802

  • Price: $350,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 31 min ago
  • ID#: 2024001798
0
Beds
0
Baths
0
½ Baths
0.17
Acres
3,325
SQFT
$105
$/SQFT
Neighborhood:
Louisiana Terrace
County:
East Baton Rouge
Area:
Ebr Mls Area 52
School District:
East Baton Rouge
Property Description
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.
Exterior Features

Lot Dimensions 50x178.3x34.5x200.8

Property Features

Approximate Age 76 + Years Association Fee NONE Lot Number 17 Property Type Apt Complex (5+ Units)

Greater Baton Rouge Association of Realtors logo Listing provided courtesy of Lee & Associates: 225-427-9200 .© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed.


© 2024 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Darren James & Associates brokered by LPT Realty. Data last updated: 2024-02-25T07:32:19.67. Licensed in the State of Louisiana, USA. Darren James & Associates brokered by LPT Realty || (225)335-7666 || Denham Springs, LA
 
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Darren James & Associates brokered by LPT Realty
1211 N. Range Ave., Suite D
Denham Springs LA, 70726