Historical Multifamily Sale Listing - Granberrys MH Pk

Multifamily For Sale

This Multifamily property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Multifamily For Sale, Baton Rouge, LA or Louisiana

Granberrys MH Pk

4250 Blount Road, Baton Rouge, LA 70807

N/A

117 Spaces | Multifamily

  • Print
No Photo

Multifamily Property - Off Market

Price:
N/A
No. Spaces:
117
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
10.26%
Year Built:
1977
Lot Size:
14.40 AC
Listing ID
14380437
Last Updated
over 1 year ago

Highlights

  • 100% occupied with waiting list
  • City water/sewer
  • Over $540,000 anticipated Annual Gross Income for '06
  • Adjacent to Baton Rouge Industrial Park
  • No Seller financing available.

Description

PRINCIPALS ONLY: Immediate beneficiary of Hurricane Katrina. 117 space pk formerly with 65 vacancies now 100% full WITH waiting list as result of the storm. As of 9/6 FEMA contracted to rent all vacant lots at $500.00 per mo. Immediate annual projection of $542,000 Gross Rent for 2006. Est expenses of $295,861. NOI: $246,139.00 (10.26 Cap Rate) City water/sewer. Pk sits on 14.4 ac thought to be worth more than asking price due to local Industrial Park.

North of City of Baton Rouge and the Airport. At intersection of Plank Rd and Blount Rd. Older park with smaller lots but outstanding location to jobs, city services and local amenities. All local Baton Rouge parks at 100% occupancy as result of enormous growth from Hurricane Katrina.

Map of 4250 Blount Road, Baton Rouge, LA 70807 (East Baton Rouge County)

Research for 4250 Blount Road, Baton Rouge, LA 70807 (East Baton Rouge County)

  • Demographics – Population, income & other demographics near 4250 Blount Road
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

10 Photos
Multi-Family Portfolio
Multi-Family Portfolio
  • Baton Rouge, LA
  • $750,000
  • 24,000 SF Bldg
3 Photos
Shady Lane Apartments
Shady Lane Apartments
  • Baton Rouge, LA
  • $550,000
  • 14,300 SF Bldg
6 Photos
Pine Grove Apts
Pine Grove Apts
  • Baton Rouge, LA
  • $9,650,000
  • 200,000 SF Bldg
4 Photos
Mirage Villa Apartments
Mirage Villa Apartments
  • Baton Rouge, LA
  • $3,500,000
  • 68,460 SF Bldg
10 Photos
Southern Bluff Apartmen...
Southern Bluff Apartmen...
  • Baton Rouge, LA
  • $275,000
  • 9,700 SF Bldg
4 Photos
Mid City Apartment Comp...
Mid City Apartment Comp...
  • Baton Rouge, LA
  • $359,000
  • 7,580 SF Bldg
5 Photos
Mid City Apartment Comp...
Mid City Apartment Comp...
  • Baton Rouge, LA
  • $223,000
  • 5,654 SF Bldg
13 Photos
Multi Family Unit For S...
Multi Family Unit For S...
  • Baton Rouge, LA
  • $895,000
  • 28,396 SF Bldg
6 Photos
Diamond in the Rough 14...
Diamond in the Rough 14...
  • Baton Rouge, LA
  • $700,000
  • 19,800 SF Bldg