$2,982,000
7272 BURBANK DR Baton Rouge, LA 70820
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$2,982,000
Est. payment /mo
18,000 SqFt
Price Dropped by $2.0M
7272 BURBANK DR Baton Rouge, LA 70820
UPDATED:
11/21/2024 07:46 PM
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $165
Subdivision Burbank Landing
MLS Listing ID 2024017358
Construction Status 16-20 Years
Lot Size 1.400 Acres
Lot Dimensions 333.42x208.34x285.98x199.91
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
Parish East Baton Rouge
Area Ebr Mls Area 52
Building
Construction Status 16-20 Years
Schools
School District East Baton Rouge
Listed by Lalumandier & Associates
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