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Baton Rouge, LA 70806 2563-2603 Rittiner Dr

Pending
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Presented By: Lee & Associates
  • MLS# 2024008275
  • 05/01/2024
  • Request Tour
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  • Beds • 2
  • Baths • 1
  • SQFT • 3,673

Home Details

Lee & Associates is pleased to present this opportunity to acquire a 4-unit multifamily property located in the Garden District neighborhood in Mid City Baton Rouge. Each apartment measures approximately 918 square feet and contains two bedrooms and a single bathroom. All of the apartments are two floors, with the living room, dining room and kitchen on the lower floor and bedrooms and bathroom upstairs. All of the units boast hardwood floors and tons of natural light, and each unit is separately metered for electricity, gas and water. Current rents range from $900 to $950 per month. Rental income potential is huge for this building (market rents for similar units in the area average $1,100/month - $4,400/month total), making it an excellent opportunity for investors seeking solid returns. The Garden District has historically maintained high property values and rental demand, and it represents an extremely stable area for investors seeking long-term value through appreciation. With the new construction occurring just blocks to the north, this property represents an excellent opportunity to secure a prime location with a tremendous outlook for growth in property values.
Presented By: Lee & Associates

Interior Features for 2563-2603 Rittiner Dr

Bedrooms

Bedrooms 12

Bathrooms

Full Baths 11

Kitchen

Kitchen FeaturesCooktop: Gas, Range/Oven, Refrigerator

Other Interior Features

AC Units4
#Units 14
FlooringWood Floor
Total Number of Units4

General for 2563-2603 Rittiner Dr

Apprx. Age76 + Years
CityBaton Rouge
ClassMulti-Family
CountyEAST BATON ROUGE
FinancingCash Fin, Conventional Fin, Other Financing
HOANONE
HeatingFloor Heaters
School DistrictEast Baton Rouge
Special Sales TypeAs Is
StatusPending
Status Detail0
SubdivisionRittiner Terrace
Total Sq Ft3673
TypeFourplex (4 Units)
Type 1FLAT

Exterior for 2563-2603 Rittiner Dr

FoundationPiers Found
Lot40
Lot Dimensions70x95
Lot Size Area0.15
Tot Park Spcs4
Water/SewerPublic Sewer, Public Water

Additional Details

Price History

Lionel DawsonJr

Realtor
Price $425,000
MLS#2024008275
List Date 05/01/2024
Property Type Pending
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