Remarks
This meticulously maintained quadplex offers an investor a turnkey opportunity with consistent, proven cash flow. While Unit D is currently in lease-up, the asset historically maintains near-full occupancy. Investment Highlight Proven Performance: Long-term history of stable occupancy and reliable revenue. Value-Add Potential: Current rents sit below the market ceiling. Similar properties on the same street are currently achieving $1,050 per month, providing a clear path for the new owner to increase NOI through strategic renewals and market adjustments. Asset Quality: The building has been expertly managed, ensuring minimal deferred maintenance for the incoming purchaser. Pro Forma Summary Current Status: 75% Occupied (Unit D in transition) Market Rent Potential: $1,050/unit Property Type: Multi-Family (4-Unit) Please DO NOT disturb tenants. Refer all inquiries to: miguel@castrorealestateservices.com
Details
- Listing ID:
- BR2026008557
- Parish
- East Baton Rouge
- Area
- EBR MLS Area 42
- Financing
- Conventional
- Assessment
- 165077
- Legal Desc
- Lot 12 Hammond Manor
- Parking:
- Open Parking Spaces: 8
Interior
- Cooling
- Central Air
- Heating
- Central
- Lot Dimensions
- 65x137
Exterior
- Construction
- Brick
- Lot Size Area
- 0.18 ac
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Location
- Directions
- Traveling north on Oneal Lane turn left on Old Hammond Hwy. Take the second left onto Hammond Manor. The 4plex will be half way down the street on the left.
- Parish
- East Baton Rouge
