Income Producing - 10% CAP!

Rare Investor Opportunity! Income-Producing Property offering 10% CAP Rate! Total Yearly Income: $72,000. Total Yearly Expenses: $32,470. Net Operating Income: $39,530. 250 Holt Street is a 5,217 SF building on .88 AC in Bastrop, LA. The building is very-well maintained and received a new roof, carpet and paint in 2018. Tenant: Louisiana State Office/Louisiana Workforce Commission. Tenant has occupied this location for more than 20 years per multiple 5-Year terms. Current Owner has enjoyed this Full-Service Lease since 2017. Current Tenant Lease term: October 1, 2022 to September 30, 2027. Showings by appointment only. Restricted days/times. Listing agent to accompany.