3044 Toulon Dr Baton Rouge, LA 70816

Property Details for 3044 Toulon Dr

Property size

3,312 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 100% occupied three-unit apartment building located at 3044 Toulon Dr, Baton Rouge, LA 70816. The property boasts a total of 3,312 square feet, spread across two stories, offering a compelling price per square foot of $92.09 and a price per unit of $101,667. Currently generating a monthly rental income of $2,500 and an annual effective gross income of $30,000, this triplex provides immediate cash flow. Situated in a desirable, quiet neighborhood with minimal traffic, the property benefits from convenient access to both I-12 and I-10, making commuting effortless. The location also offers proximity to excellent schools, extensive shopping, and diverse dining options, ensuring high tenant demand and occupancy. Each unit has undergone recent renovations – Unit A five years ago, Unit B seven years ago, and Unit C two years ago – minimizing future maintenance needs and maximizing long-term value. Ample off-street parking is available for residents. This is a turnkey investment ideal for those seeking a stable, high-return property in a prime Baton Rouge location. The asking price for this exceptional opportunity is $305,000.