1740 North Harco, Baton Rouge, LA 70815 - multi-family property

Detailed information about multi-family property which situated in Baton Rouge (70815) city, Louisiana state on 1740 North Harco.

Additional Information: Two Duplexes and One Fourplex. These properties were purchased in 2006 and are very well-maintained. We believe that properties are under rented and there is room to go in and raise rents. An approximate summary of actual financials are: • Current Rents are: o 2 BR: $550 per month ($6,600 per year) o 2 BR: $575 per month ($6,900 per year) – in 2 weeks* o 4 BR: $580 per month ($6,960 per year) o 4 BR: $600 per month ($7,200 per year) o 1 BR: $315 per month ($3,780 per year) o 1 BR: $350 per month ($4,200 per year) o 1 BR: $350 per month ($4,200 per year) o 1 BR: $375 per month ($4,500 per year) • Current Annualized Expenses: $8,000 per year (Taxes, Insurance, Water, Maintenance, Yard) • Current Net Income to Owner: $36,340 ($44,340 - $8,000) Some tenants have been renting for over 10 years. Current owner is trying to get out of day to day management of rental real estate; looking at retiring. bring all offers!