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1012 S Acadian THWY, Baton Rouge, LA 70806

Pending Sale

$1,550,000

Property Description

Entire Building is clad in brick and the two dormers are concrete stucco. Fabulous investment with 2 business offices on first floor, totalling 3750 sq ft on first floor, three units on second floor and two additional units on third floor with a total of 7 rent spaces. All stairwells are pan filled concrete stairs, along with floor decks on each level. All units are fireproofed from one another and during the major renovation the third floor was added by installing Four Steel Columns and Huge I Beams for the third floor support. In 2017 the owners did massive renovations on the second and third floor apts. Replaced all windows with high quality window world casement windows with screen layers on the inside. Stained the exterior brick with Keim Masonry Stain, so it will never need to be repainted. Installed two large high volume hybrid electric water heaters and all flooring was replaced with porcelain wood look tile from door to door. Currently the downstairs offices are leased and two of the upstairs apartments are used as Air B&B rentals, and the other three units are leased with long term tenants. Nine heating and air units installed in 2017 and all capacitors in all units were replaced in 2023. This investment would be ideal if the new owner had office space used for themselves and leased out the rest of the building for rental gain.The power meters were cleaned up to consolidate the builiding into fewer meters to make the energy bills even cheaper. Custom high volume gutters and custom metal awnings were fabricated on-site and installed. The entire building's interior was painted and all kitchens and bathrooms were updated with new fixtures and appliances, granite countertops and new custom cabinets.There is appx. 35.000 worth of cabinetry and built in desks. Installed is a building wide mesh network wifi system and REV fiber from Cox. Please contact Vicki for all rental details and income from units. MLS has each floorplan sketch for your review.

Property Details

Property Type

Apt Complex (5+ Units)

Bedrooms

Bathrooms

Size

9,880 Total sqft

Floors

3

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