LA > Baton Rouge > Burbank Landing
Baton Rouge, LA 70820,7272 Burbank Dr
Baton Rouge, LA 70820,7272 Burbank Dr
Baton Rouge, LA 70820,7272 Burbank Dr
Baton Rouge, LA 70820,7272 Burbank Dr
Baton Rouge, LA 70820,7272 Burbank Dr
Baton Rouge, LA 70820,7272 Burbank Dr
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Blake Fowler

Blake Fowler

+1(225) 335-6879
$ 2,160,000
Est. payment | /mo

18,000 SqFt

Save
$ 2,160,000
Est. payment | /mo
Save

18,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Apt Complex (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $120

Subdivision Burbank Landing

MLS Listing ID 2024017358

Lot Size 1.400 Acres

Property Sub-Type Apt Complex (5+ Units)

Property Description

OPPORTUNITY ZONE!! Created by the 2017 Tax Cuts and Jobs Act, the goal of opportunity zones is to boost economic and job growth by encouraging investment in these areas. By making land improvements and purchasing, constructing and renovating properties in these locations, the hope is that they will become more appealing places to live, work and invest. Real estate investors and developers in opportunity zones can take advantage of tax incentives, which get better the longer they own the property. “They can be eligible to defer their federal taxes on capital gains,”. “They'll get 100 percent exclusion after 10 years.”  And no federal taxes on capital gains after 10 years on the sale of the real estate This property is located on the high traffic road of Burbank Dr near Lee Dr. A highly popular multi-family and residential area with tons of restaurants, fast food places, gas stations, etc nearby. The property is only 1.7 miles from LSU campus and around 7 miles from Downtown Baton Rouge. The complex consists of 24 units. Each unit is a whopping 1,500 sqft with 3 bedrooms and 2 full bathrooms. It has a full kitchen and a living room area. Each unit is a very spacious with tall ceilings which makes the units feel extremely large. Please note that there are two 12-unit buildings located on this property and one building with 12 units is being sold. This condo has a new roof, new granite countertops, a brand-new AC air system, new fixtures, new doors, a new staircase, new flooring, etc. Basically, everything is brand new besides the upstairs bathroom.

Location

State LA

County East Baton Rouge

Direction Head southwest on College Dr. Cross over Perkins Rd to Lee Dr. Continue on Lee Dr to Burbank Dr. Take a left on Burbank Dr. Property is on the right.

Interior

Heating Central

Cooling Central Air

Exterior

Garage Spaces 46.0

Private Pool false

Building

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools East Baton Rouge

Middle Schools East Baton Rouge

High Schools East Baton Rouge

Others

Acceptable Financing Cash, Conventional, Other, Private Financing Available, Third Party/REO Fin, VA Loan

Listing Terms Cash, Conventional, Other, Private Financing Available, Third Party/REO Fin, VA Loan

Special Listing Condition As Is

Listed by Lalumandier & Associates

GET MORE INFORMATION

agent
Blake Fowler

Broker | License ID: 0995683324

+1(225) 335-6879

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7272 Burbank Dr