1500 Norman Bauer Drive

Franklin, LA

Property Type: Multifamily
5,840 sqft

$575,000

Details
Location

Remarks

Well-maintained 15-unit apartment complex located in the heart of Franklin, LA, just off US-90. All units feature the same floor plan and square footage, making this an easy-to-manage and consistent income-producing property. Strong rental demand in this area of St. Mary Parish, makes this a solid addition to any portfolio. Great opportunity for steady cash flow! Currently managed by a property manager. Cap Rate: ~10.8% Roof: Metal AC units (14 of the 15 units replaced in the last 3-10 years) Parking: Unassigned, but ample spots—at least one per unit directly in front Interior Updates: Most units have had updated appliances (2-10 years), fresh paint, and flooring replaced as needed during turnover Occupancy: 100%

Details

Listing ID:: 2020023835
Parish: St Mary
Area: St. Mary
Subdivision: Anderson
Financing: Cash, Conventional
Assessment: 2264741018.00
Legal Desc: LOT POR NO 6 ANDERSON PART BEING TRACT ''ABCDA'' PER PLAT 43I 270180 ACQ 395 334121
Parking:: Open Parking Spaces: 14

Interior

Cooling: Central Air
Heating: Central
Lot Dimensions: 0.28acres

Exterior

Construction: Wood, Frame
Roof: Composition

Location

Directions: Take US-90 E from Lafayette. Stay on US-90 E for about 50 miles. Take the LA-3211 exit toward Franklin. Turn right onto Northwest Blvd, then left on Main St. Turn right onto Martin Luther King Blvd, then left onto Norman Bauer Dr. Property is on the right.
Parish: St Mary