82405 Training Ctr RdFolsom, LA 70437

Property Details for 82405 Training Ctr Rd

Property size (Sq ft)

15,303 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 6-unit apartment building in Folsom, Louisiana, situated on a spacious 32,500 square foot lot. The property boasts a substantial 15,303 square foot barn, currently generating significant rental income. Five of the six apartment units are currently leased, producing a combined monthly rental income of $3,775. Unit 1 rents for $500, Unit 2 for $950, Unit 4 for $700, Unit 5 for $725, and Unit 6 for $900. Unit 3 is currently undergoing remodeling. Adding to the income stream is a 20-horse stable facility, generating approximately $5.00 per day in rental income from August through March. The property's prime location is adjacent to a ¾-mile horse training track and a comprehensive training facility, enhancing its appeal and potential for future growth. The barn itself includes a covered horse walker, washdown area, round pen, and tack rooms, catering to the equestrian community. This multi-faceted property offers a unique blend of residential and equestrian income potential, making it an attractive investment for discerning buyers. The asking price is $250,000, representing a price per square foot of $16.34. The property is located at 82405 Training Center Rd, Folsom, LA 70437, in St. Tammany Parish.

Location Insight

City

Folsom

County

St. Tammany Parish

State

Louisiana

Latitude

30.6337

Longitude

-90.2047

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