Land for Sale in Baton Rouge, Louisiana
8223-25 Keel Ave Baton Rouge, LA 70820
Investment Opportunity: Fully Occupied Duplex in Baton Rouge, LA Unlock steady cash flow with this fully tenant-occupied duplex, offering an impressive 11.62% cap rate. Situated in Flood Zone X, this property presents an ideal opportunity for house hacking, starting a real estate portfolio, or adding to an established one. Both units are currently rented to long-term tenants on month-to-month leases, with Section 8 potential available. Please respect tenant privacy; personal viewings will be scheduled post-contract execution. Rent roll for the previous year and last month's data available upon request. Prime Features: - 11.62% cap rate - Flood Zone X (no mandatory flood insurance) - Ideal for house hacking or portfolio building - Section 8 potential - Long-term tenants, month-to-month leases * Disclaimer: The cap rate provided is based on current financial information and market conditions and is for illustrative purposes only. It is not a guarantee of future performance. Buyers are advised to conduct their own independent analysis and due diligence, including reviewing all financial documents and market conditions, to verify the accuracy of the provided figures. Neither the seller nor the listing agent shall be held liable for any discrepancies or differences in the actual cap rate or property performance post-purchase.
Directions
Nicholson to Gardere, left on Ned, left on Mariner, right on Keel
Location
- Street Address
- 8223-25 Keel Ave
- Parish
- East Baton Rouge Parish
- Community
- Riverland
- School District
- East Baton Rouge
- Elevation
- 20 feet
Property details
- MLS Number
- GBRMLS 2024017144
- Date Posted
Expenses
- Home Owner Assessments Fee
- $877 annually
Legal description
Ward: 3-0, Subdivision: Riverland, Lot: 86. 1st Filing(Duplex)
Detailed attributes
Listing
- Type
- Residential Multi Family
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Oct 22, 2024 | Relisted | $183,000 | — | GBRMLS |
Oct 22, 2024 | Listing removed | $183,000 | — | — |
Sept 13, 2024 | New listing | $183,000 | — | GBRMLS |