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4115 Mohican-Prescot Crossover, Baton Rouge, LA 70805

Commercial property for sale

Description
Palmer Apartments is a 100-unit complex located at 4115 Mohican-Prescott Crossover near Airline Highway in Baton Rouge, LA. The buildings have two on-site laundry facilities and on site management. Two of the buildings (4115 & 4150 Mohican-Prescott) were built in 1974. 4202 Mohican-Prescott was built in 1985. The property currently is rented as market units but can also accept section 8 vouchers. The owner is willing to finance the transaction with proof of funds and 20% down payment. In addition, owner is willing to offer very attractive financing throughout the term, especially so during the first year if large improvements are planned. This has been a family owned property for over 20 years. 20 of the 100 units are not currently being leased. For the 20 units to be lease ready, the units need A/C units and some appliances (depending on unit). All other 80 units are leased on a month-to-month basis and consistently top 90% occupancy. Contact J. Ryan Lang with any questions. Building price details: $1,550,000.
Property Details

Property Type:	Multifamily
Use Types:	Government Subsidized, Low-Rise/Garden
Status:	Available
Price:	$ 15,500 +/Unit
Number of Stories:	2
MSA:	Baton Rouge
Buildings:	8
Terms:	Cash to Seller, Owner Financing
Added:	02/07/2012
Last Update:	07/19/2012

Note
Details Info about this row that located on 4115 Mohican-Prescot Crossover, Baton Rouge, LA 70805 was got from trusty sources, but All Foreclosures Homes 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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