Before bidding is allowed, please follow the steps below.
Step 1: Acknowledge that you have read the Terms & Conditions and Sample Purchase Agreement Here
Step 2: Register for the Online Auction
Step 3: Submit Proof of Funds to David.Gilmore@svn.com
You will be notified by email of bidding approval.
OWNERS ORDER IMMEDIATE SALE
24 UNIT APT. COMPLEX - BATON ROUGE
644 MONET DRIVE, BATON ROUGE, LOUISIANA 70806
Online Bidding January 2 - January 7
MOTIVATED SELLERS, 24-unit multi-family complex consisting of (6) 4-unit apartment buildings. Each unit contains one bedroom, one bathroom, a kitchen, and a living room. The lot has 181.20’ of frontage on Monet Drive and 179.84’ of frontage on Holmes Drive, for a total of 28,967 square feet of land, or approximately 2/3 of an acre. Complex is located approximately 15 minutes from Louisiana State University and Downtown Baton Rouge. The new Amazon Distribution Building recently opened about 2 miles from the property, providing 1,000+/- jobs to the area.
Recent improvements:
Building B (4 units) - new electrical panels, flooring, drywall, fixtures, granite countertops, paint, kitchen cabinets, full bathroom updates.
Buildings A, C, D, E, & F (20 units): new flooring, updated bathrooms, appliances, cabinets, fixtures.
Legal: Lots A1-A4, B1-B4, C1-C4, D1-D4, E-1-E4, F1-F4, of the Melrose Condominiums, East Baton Rouge Parish.
Terms: All Cash Sale, "As Is, Where Is" Condition, 30 Day closing, 10% Deposit, Seller's Notary, 10% Auction Premium Added To The Winning Bid, with reserve, 2% Of The Bid Price To the Licensed Real Estate Agent That Reserves/Registers The Winning Bidder And Closes The Sale.
