1023 Laurel St

Description

Welcome to this exceptional multi-family or investment opportunity! If you love the charm of old homes (estimated that it was built in 1940) with 12' ceilings, original oak floors, and cast iron tubs, you’ll love this ideally located 2565 sq/ft home. Uniquely built with 3 apartments and located in Mid City, blocks away from Spanish Town and the Baton Rouge Downtown Development District, and not far from LSU. It is the perfect investment opportunity! With a big beautiful porch, the “front” apartment of the home is currently leased with 2BD/1BA, gated long side courtyard and offers 1017 sq ft of living area. The “side” apartment, has its own driveway and parking and offers 1BD/1Ba, 921 sq. ft. with a sunroom, lots of storage space, an office nook, back covered deck and gated back yard. With the long-term tenant recently leaving, kitchen appliances will need to be replaced. The “back” apartment, which is leased, is a 1Bd/1BA and 626 sq ft. Large shed in back offers one side of storage and one side of Utility room/creative space. * In-unit laundry hookups * Separate utility meters *- tenants pay their own utilities.* Owner covers Wi-Fi bill of around $80/mo. The home was recently painted on the interior. This income-producing property offers a strong opportunity for investors seeking both stability and upside. Existing tenants provide reliable cash flow, while the versatile layout also allows for multiple families, multiple offices/professional use. The sale includes Lot 7 (60 x 130) and Lot 8 (30 x 130), with Lot 8 featuring a dedicated driveway on the right providing access to the side apartment. The additional lot presents further value-add potential and could be developed for an additional business, subject to adding a structure and any applicable approvals. Don’t miss this opportunity to build equity