Courtenay Miller, JD, MAT

Courtenay Miller, JD, MAT

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More about 8820 GREENWELL SPRINGS RD, Baton Rouge, LA 70814

Magnolia Gardens Apartment Complex is a two-story, garden style multifamily property total of 119 units with onsite leasing office, swimming pool and onsite coined laundry facility. Property did not flood during Aug 2016 Flood. Listed at $5,100,000 Unit price - $42,857 Land 4.118+- acres (179,380 +-sqft) Built in 1977 Complex is currently running at 91% occupancy. 36 units are 1bed/1bath – 665 sqft- $600/mth or $700 for electricity included 32 units are 2bed/1bath -788 sqft - $650/mth or $825 for electricity included 51 units are 2bed/1.5bath - 910 sqft - $675/mth or $850 for electricity included Rentable sqft 95,566 About half of complex has “electricity included” adding additional cost to monthly rent. Tenant has the choice. Landlord pays all water, sewer and trash. Onsite shared laundry facilities and vending machines adding additional income averaging $13,700/year. All units have dishwasher, range, hood, refrigerator, central air and heat. Most with vinyl plank or sheet flooring and carpet. Some with ceiling fans. Call or email for additional information. DO NOT DISTURB TENANTS OR MANAGEMENT Property will ONLY be sold with Greenwell Plaza Apartments and Lone Oak Apartments which are located within 0.8 mile of Magnolia Gardens Apartment.

Property Details
Price
$5,100,000
Area No
EBR MLS Area 22
County
EAST BATON ROUGE
Property Type
Multifamily
Appliances
Cable Available, Ceiling Fans, Smoke Detector
Heating
Central
Cooling
Central Air Cool
Stories
2 Story
Exterior Features
Outside Light,
Parking
Parking Lot
Area
EBR MLS Area 22
Acres
4.118
Surrounding Properties
Property Map
Trends for ZipCode 70814
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BX
Courtesy Of Baton Rouge Association of REALTORS Multiple Listing Service

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