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$ 379,000
Est. payment /mo
Active
863 Hammond Manor Dr Baton Rouge, LA 70816
7,840.8 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID BR2026008557
Lot Size 7840.800 Acres
Acres 0.18
Property Description
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
Location
State LA
Interior
Heating Central, Heat Unit(s)
Cooling Central Air, AC Unit(s)
Appliance Electric Range
Exterior
Garage Spaces 8.0
Total Parking Spaces 8
Building
Foundation Slab
Others
Tax ID 165077
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Castro Real Estate Services, LLC