82405 Training Ctr Rd Folsom, LA 70437

This exceptional investment opportunity presents a 6-unit apartment building in Folsom, Louisiana, situated on a spacious 32,500 square foot lot. The property boasts a substantial 15,303 square foot barn, currently generating significant rental income. Five of the six apartment units are currently leased, producing a combined monthly rental income of $3,775. Unit 1 rents for $500, Unit 2 for $950, Unit 4 for $700, Unit 5 for $725, and Unit 6 for $900. Unit 3 is currently undergoing remodeling. Adding to the income stream is a 20-horse stable facility, generating approximately $5.00 per day in rental income from August through March. The property's prime location is adjacent to a ¾-mile horse training track and a comprehensive training facility, enhancing its appeal and potential for future growth. The barn itself includes a covered horse walker, washdown area, round pen, and tack rooms, catering to the equestrian community. This multi-faceted property offers a unique blend of residential and equestrian income potential, making it an attractive investment for discerning buyers. The asking price is $250,000, representing a price per square foot of $16.34. The property is located at 82405 Training Center Rd, Folsom, LA 70437, in St. Tammany Parish.