1019-1025 Rittiner Dr

Lee & Associates is pleased to present this opportunity to acquire a 4-unit multifamily property located in the Garden District neighborhood in Mid City Baton Rouge. Each apartment measures approximately 918 square feet and contains two bedrooms and a single bathroom. All of the apartments are two floors, with the living room, dining room and kitchen on the lower floor and bedrooms and bathroom upstairs. All of the units boast hardwood floors and tons of natural light, and each unit is separately metered for electricity, gas and water. Current rents range from $900 to $950 per month. Rental income potential is huge for this building (market rents for similar units in the area average $1,100/month - $4,400/month total), making it an excellent opportunity for investors seeking solid returns. While it is in serviceable condition, this building will require foundation repair at some point in the future and is priced accordingly. This property includes an enormous back yard, providing flexibility for potential future uses of the lot. The Garden District has historically maintained high property values and rental demand, and it represents an extremely stable area for investors seeking long-term value through appreciation. With the new construction occurring just blocks to the north, this property represents an excellent opportunity to secure a prime location with a tremendous outlook for growth in property values.