LA > Baton Rouge > River Oaks
Baton Rouge, LA 70819,678 Gloria Dr ##10
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Baton Rouge, LA 70819,678 Gloria Dr ##10
Baton Rouge, LA 70819,678 Gloria Dr ##10
Baton Rouge, LA 70819,678 Gloria Dr ##10
Baton Rouge, LA 70819,678 Gloria Dr ##10
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Christian Matherne

Christian Matherne

Pennant Real Estate

+1(225) 206-7438
$ 1,129,000
Est. payment /mo
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Active

678 Gloria Dr ##10 Baton Rouge, LA 70819

11,914 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apt Complex (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 11,914 sqft

Price per Sqft $94

Subdivision River Oaks

MLS Listing ID 2025021695

Lot Size 0.612 Acres

Property Sub-Type Apt Complex (5+ Units)

Property Description

This listing is for 678 AND 710 Gloria Dr, being sold together; owner will not separate. Prime Investment Opportunity – Current cap rate of 6.93% - Two Fully-Leased Townhome-Style Buildings. Located on Gloria Drive on the edge of a lovely residential neighborhood, this property features two identical 5-unit townhome-style apartment buildings offering strong, reliable income and minimal turnover. With 10 total units, the complex is currently at 100% occupancy with consistent tenants and up-to-date rent collection. Rent has been increased minimally with each lease renewal, so there is clear potential to raise rates $100–$150 per unit based on current market conditions. Tenants pay all utilities, including water, sewer, and trash, keeping operating expenses efficient. Internet is tenant's choice, and each unit has individual washer/dryer hookups, walk-in bedroom closets, and owner-provided refrigerators.Property highlights include:Townhome-style layouts with private entrances. Each unit is identical in layout, with two bedrooms and two full bathrooms. One bedroom has an ensuite bath, and hall bath also opens into the additional bedroom.  There are 20 parking spaces + 2 handicap spaces. Architectural shingle roofs approx. 7 years old. 6 exterior + 4 interior HVAC units replaced within last 5 years. Smoke and CO2 detectors in all units. No pets allowed. Each unit has its own trash can (no dumpster). Utility Providers: Entergy (electric) and Baton Rouge Water (water/sewer/trash).

Location

State LA

County East Baton Rouge

Direction From Millerville Exit on I-12, head toward Old Hammond Highway. Turn Right onto Old Hammond. Turn Left onto Gloria Dr; complex will be on the Left.

Interior

Interior Features Electric Stove Con., Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Vinyl:Tile Floor, Wall to Wall Carpet Floor

Equipment Ceiling Fans

Appliance Dishwasher, Disposal, Range/Oven, Refrigerator

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Lighting

Garage Spaces 22.0

Fence Privacy, Wood

Utilities Available Cable Connected

Roof Type Shingle

Private Pool false

Building

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools East Baton Rouge

Middle Schools East Baton Rouge

High Schools East Baton Rouge

Others

Acceptable Financing Conventional, Other

Listing Terms Conventional, Other

Listed by Katie Miller Realty, LLC

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Christian Matherne

Christian Matherne

Team Leader | License ID: 0995699702

+1(225) 206-7438

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