678 GLORIA DR

ANOTHER PRICE IMPROVEMENT! This listing is for 678 AND 710 Gloria Dr, being sold together; owner will not separate. Prime Investment Opportunity - 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).

Listing ID:

BR2025021695

Parish

East Baton Rouge

Area

EBR MLS Area 42

Subdivision

River Oaks

Financing

Other, Conventional

Assessment

1217305 and 1217283

Legal Desc

Ward: 3-0, Subdivision: River Oaks, Lot: 279-A-1. Lot 279-A-1. Resub. Of Lots 278-A &279-A. River Oaks. 2nd Filing.Resub. 1998. Ward: 3-0, Subdivision: River Oaks, Lot: 278-A-1. Lot 278-A-1 Resub. Of Lots 278-A &279-A. River Oaks. 2nd Filing.Resub. 1998.

Parking:

Open Parking Spaces: 22, Parking Lot

Cooling

Central Air

Heating

Central

Lot Dimensions

190x141x187x142

Construction

Frame, Brick

Lot Size Area

0.61 ac