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$475,000

Multi-Family|

MLS# 2018010641

List Price
$475,000
List Date
06/22/18
Original List Price
$549,000 (-13.48%)
Status
Active
Type
Multi-Family

Legal Description

Rare redevelopment opportunity near LSU. This property is located steps away from LSU's campus as part of the thriving North Gates neighborhood. Units in need of total rehab with a majority of the value in the land and location. Currently four apartment buildings with a mix of studio and larger units. Perfectly positioned for student housing and would be an excellent site to tear down the existing structures and build brand new facilities.

Location

MLS Area
Ebr Mls Area 52
Parish
East Baton Rouge
Subdivision
Arbour Place

Details

General Information

Approximate Age
41-50 Years


Other Features



Financial Information

3rd Party
No
Dual/Variable
No
Foreclosure
No


Utilities

Individually Metered
No


Exterior

Lot Dimensions
Irregular
Lot Size in Acres
0.35


Interior

Total Square Feet
10,000 SqFt


Listing Courtesy of Baton Rouge Association of REALTORS Multiple Listing Service

Directions

From Highland Rd at State St, turn east on State St, property is less than a quarter mile on the left.


Map and Points of Interest

Select a Point of Interest and Radius from the form above.

North Gate

This historic neighborhood located at the northern gates of Louisiana State University (LSU) is host to the annual Northgate Fest. Each year, the Northgate Merchants Association invites local art vendors sell goods and, a local bands to perform.

North Gate real estate consists of a mixture of small apartment complexes with a host of amenities, as well as restored homes and historic landmarks.  The neighborhoods in this community are near the Lakes of LSU and are filled with mature trees. Homes for sale in North Gate are near restaurants on Highland Road, LSU’s Tiger Stadium, and LSU’s Alex Box Stadium.

There are so many great eateries near the North Gate community. The Caterie off Perkins Road is a local hot spot to stop in for a great sandwich during the day, or to swing by at night for some great local music.  

You can grab your frisbee and a blanket and head to the LSU Parade Grounds for a relaxing day of fun. At the LSU School of Art Gallery at Foster Hall, you can see various student exhibits. 

Here at North Gate, there are endless activities and fun opportunities nearby.

School Information

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With this calculator you can put in your values and estimate the amount of your loan and get an estimate on the amount of your monthly payments. Click on the 'Calculate' button when you're ready.

**Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

***Assessments are monthly fees such as Home Owners Association(HOA) Fees etc...

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The data relating to real estate for sale on this website comes in part from the Broker Exchange Program of the Multiple Listing Service of the Greater Baton Rouge Association of REALTORS©, Inc. Real estate listings held by brokerage firms other than GARDNER REALTORS are marked with the Broker Exchange "BX" Logo. © 2013 Multiple Listing Service of the Greater Baton Rouge Association of REALTORS©, Inc. All rights reserved.

 

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