12-Unit Multifamily | On-Site Laundry 3 Multifamily Properties Offered at $1,171,521 CAD in Baker, LA

Renovated value-add multifamily portfolio in Baker Trails consisting of three 4-plex buildings (12 total units) plus an on-site, income-producing laundromat with 8 machines. The laundromat provides additional revenue and should benefit from higher traffic as the subject property is leased up and as occupancy improves in the surrounding buildings within the subdivision.
Utilities are individually metered (water and electric), so tenants pay their own. The downstairs units were completely renovated—gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC units reportedly installed within approximately the last 5 years, newer water heaters, and updated electrical components (panels, meter pans, and wiring in the downstairs units).
Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, resulting in below-market occupancy and a clear opportunity for a new owner to drive NOI through a lease-up and operational cleanup. The unit mix includes (4)3BR/1BA and (8)2BR/1BA flats (12 units total).
In-place and pro forma rent roll summary and offering memorandum available. Showings by appointment only, do not disturb tenants.