117 Unit Condo Package (all or part)

117 units available in Jefferson Place Condominiums.  Owner will sell the entire package or part.   85% of the 117 units are currently rented.  Rents range from $1,275 to $1,750/month.  At 100% occupancy the total rent potential is over $170,000/month.  At the current 85% occupancy rate, the monthly income is just over $140,000.  There are a total of 234 units in the complex.  The current owner manages the HOA, which provides an additional income stream on this project.  They can turn this over to a purchaser of the 117 units or continue managing if the buyer prefers not to take on the task.  The owner can also continue to manage the rentals on the units should buyer desire.  The package of condos consists of three floor plans, all of which are two or three bedrooms.  Some units have been updated more recently than others.

This prime location on Jefferson Hwy.  offers easy access to I-10 and I-12 and is close to Baton Rouge Country Club, Town Center, and an array of shopping, dining, and entertainment options.