4115 Mohican-Prescot Crossover, Baton Rouge, LA 70805 - multi-family property

Detailed information about multi-family property which situated in Baton Rouge (70805) city, Louisiana state on 4115 Mohican-Prescot Crossover.

Additional Information: Palmer Apartments is a 100-unit complex located at 4115 Mohican-Prescott Crossover near Airline Highway in Baton Rouge, LA. The buildings have two on-site laundry facilities and on site management. Two of the buildings (4115 & 4150 Mohican-Prescott) were built in 1974. 4202 Mohican-Prescott was built in 1985. The property currently is rented as market units but can also accept section 8 vouchers. The owner is willing to finance the transaction with proof of funds and 20% down payment. In addition, owner is willing to offer very attractive financing throughout the term, especially so during the first year if large improvements are planned. This has been a family owned property for over 20 years. 20 of the 100 units are not currently being leased. For the 20 units to be lease ready, the units need A/C units and some appliances (depending on unit). All other 80 units are leased on a month-to-month basis and consistently top 90% occupancy. Contact J. Ryan Lang with any questions.