Description

This income-producing multi-tenant office building in the Sherwood Forest area of Baton Rouge offers a compelling investment opportunity with strong in-place cash flow and future upside. The property consists of six combined condo units featuring a total of 32 individual office suites, currently operating at 70% occupancy. With a current gross monthly income of $7,400 and the potential to reach $11,440 at full occupancy, the asset provides room for increased returns. Average annual expenses are approximately $32,000, and the building benefits from a stable tenant mix with opportunities for rent growth. Ideally situated in a quiet, professional setting, the property offers convenient access to Sherwood Forest Boulevard and is just five minutes from I-10, enhancing accessibility for tenants and visitors. Additional features include ample on-site parking and proximity to shopping and business services. This well-maintained property is well suited for both investors seeking steady income and owner-users looking to occupy space while generating revenue. Showings are available by appointment only; tenants should not be disturbed.