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863 Hammond Manor Dr
Baton Rouge, LA 70816
Asking Price
$379K
Cap Rate
6.04%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 6.04% CAP | 4 Units <ul><li>Proven Performance: Long-term history of stable occupancy and reliable revenue.</li><li>Value-Add Potential: Current rents sit below the market ceiling. Similar properties on the same street are currently achieving $1,050 per month, providing a clear path for the new owner to increase NOI through strategic renewals and market adjustments.</li><li>Asset Quality: The building has been expertly managed, ensuring minimal deferred maintenance for the incoming purchaser.</li></ul>
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NOI
$80,000
Cap Rate
21.11%
DSCR
3.56
Strong
Cash-on-Cash
50.57%
Monthly Payment
$1,875.085
Annual Cash Flow
$57,498.977
