5071/5081/5087 Baker Blvd, Baker, LA 70714

Baker
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
5071/5081/5087 Baker Blvd,Baker, LA 70714
$750,000
  • - Beds
  • - Baths
  • 8,800 sq. ft.
  • Multi-family
  • Active
Listed by: justen r rider
Office: cornerstone management group llc.
MLS#:BR2026002777
Source:LA_RAAMLS

Price summary

  • Price:$750,000
  • Price per sq. ft.:$85.23

About this home

Renovated 12 unit multifamily (3 buildings, 4 units each) with a mix of 3 bedroom and 2 bedroom units.The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own. The property is currently 67% occupied, with 8 of 12 units leased. Three 3BR/1BA units were recently leased at $950/month. Current in-place rent is approximately $6,650/month, with additional upside through the lease-up of the remaining vacant 2BR/1BA units and continued laundromat income growth as occupancy improves. Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow. The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC systems...

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Home facts

  • Listing ID #:BR2026002777
  • Added:142 day(s) ago
  • Updated:July 11, 2026 at 07:19 PM

Rooms and interior

  • Living area:8,800 sq. ft.

Heating and cooling

  • Cooling:AC Unit(s), Central Air
  • Heating:Central Heat, Heat Unit(s)
  • Central air:Yes

Structure and exterior

  • Building area:8,800 sq. ft.
  • Lot area:0.59 Acres
  • Construction Materials:Brick, Frame
  • Foundation Description:Slab

Finances and disclosures

  • Price:$750,000
  • Price per sq. ft.:$85.23

Features and amenities

  • Appliances:Individual Meter

Parking

  • Total parking spaces:24

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