Description

This investment opportunity features a 15-unit apartment property located at 1500 and 1503 Norman Bauer Drive in Franklin, Louisiana. Consisting of two well-maintained buildings, the asset offers reliable income in a strong rental market. The property includes spacious townhouse-style units, each with two bedrooms and one and a half bathrooms, along with washer and dryer connections that enhance tenant convenience and appeal. With full occupancy and minimal management effort, it provides steady and immediate cash flow. Each unit is leased at $750 per month, with tenants responsible for utilities. Situated on 0.53 acres and offering a 13.5% cap rate, this turnkey multifamily property is well-suited for both new and experienced investors looking to expand their portfolio.