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$ 423,899
Est. payment /mo
Active
5407 Nicholson Dr Baton Rouge, LA 70820
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $105
Subdivision Brightside Commons
MLS Listing ID 2024022647
HOA Y/N true
Lot Size 10,890 Sqft
Property Sub-Type Quadruplex
Property Description
DOWNPAYMENT GRANTS ARE AVAILABLE! Investor's Goldmine – Fully Rented 4-Unit Property Near Tiger Stadium! Located at 5407 Nicholson Drive, Baton Rouge, LA 70820, this 4-unit multifamily property is a rare find for savvy investors. Boasting a monthly rental income of $3,950, this property is already at full occupancy, making it a turnkey cash cow ready to generate returns from day one. Why This Property Stands Out Prime Location: Just minutes from LSU and the iconic Tiger Stadium, this property is perfectly situated to attract students, professionals, and sports fans. It's also conveniently located near major bus lines for easy commuting and just a short drive to Baton Rouge's popular shopping destinations, including the Mall of Louisiana. Renovated and Updated: All four units have been recently upgraded with modern finishes, including fresh paint, durable flooring, and updated kitchens featuring sleek countertops and appliances. These updates ensure tenant satisfaction and low vacancy rates. Spacious Layouts: Each unit features 2 generously sized bedrooms and 1.5 bathrooms, offering tenants the space and comfort they desire. The open living areas and functional designs make these units highly desirable. Investment Highlights Strong Rental Income: Generating $3,950 monthly in rental income, this property provides an excellent return on investment. Proximity to Attractions: The property's location near LSU and Tiger Stadium ensures a steady pool of potential renters. Plus, with shopping, dining, and entertainment options nearby, tenants have everything they need within reach. Low Maintenance: With recent renovations, this property is positioned to require minimal upkeep, allowing you to focus on maximizing your investment. High Demand Area: Properties in this area are consistently in demand, making it an ideal long-term investment opportunity. This is a rare opportunity to own a fully rented, income-generating property in one of Baton Rouge's most desirable locations.
Location
State LA
County East Baton Rouge
Interior
Heating Central
Cooling Central Air
Appliance Dryer, Microwave, Range/Oven, Refrigerator
Exterior
Garage Spaces 4.0
Private Pool false
Building
Story 2
Foundation Slab:Post Tension Found
Sewer Public Sewer
Water Public
Schools
Elementary Schools East Baton Rouge
Middle Schools East Baton Rouge
High Schools East Baton Rouge
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition As Is
Listed by Plain & Associates LLC
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