100 Gates Dr, Franklin, LA 70538

Commercial property for lease

• Description
• Garden View Apartments is a garden style apartment community consisting of six units. The property sits on the banks of the Bayou Teche, providing a relaxed, waterfront setting for residents. Garden View typically maintains 100% occupancy.The roof was replaced within the last five years and all six A/C units have been replaced in the last ten years. Most of the units have been upgraded with new vanities, counter-tops, ceramic tile in the downstairs units and carpet in the upstairs units. The exterior of the property was recently painted as well. Garden View shares a common area with the neighboring six-unit building, and residents share all common areas. Currently, the owner of the adjacent property maintains all the exterior grounds. Garden View does not have washer and dryer hook ups. There is a coin laundry facility on the adjacent property, however the current owner of Garden View does not collect any additional income from the laundry facilities. For the past 10 years, Garden View has been self-managed by active ownership. Through this active ownership, expenses have been kept low. We suggest that potential buyers pro-forma the Year 1 operating data. Building price details: $275,000.
• Contact info
• Andrew D'Ostilio

  NAI/Latter & Blum Commercial Baton Rouge
  Michael Cashio

  NAI/Latter & Blum Commercial Baton Rouge
• Note

• Details Info about this row that located on 100 Gates Dr, Franklin, LA 70538 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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