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Key Details
Sold Price $909,999
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 11,914 sqft
Price per Sqft $76
Subdivision River Oaks
MLS Listing ID 2025021695
Sold Date 12/01/25
Lot Size 0.612 Acres
Property Sub-Type Apt Complex (5+ Units)
Property Description
*Back on market due to buyer financing! This listing is for 678 AND 710 Gloria Dr, being sold together; owner will not separate. Prime Investment Opportunity - Two Fully-Leased Townhome-Style Buildings. Located on Gloria Drive on the edge of a lovely residential neighborhood, this property features two identical 5-unit townhome-style apartment buildings offering strong, reliable income and minimal turnover. With 10 total units, the complex is currently at 100% occupancy with consistent tenants and up-to-date rent collection. Rent has been increased minimally with each lease renewal, so there is clear potential to raise rates $100–$150 per unit based on current market conditions. Tenants pay all utilities, including water, sewer, and trash, keeping operating expenses efficient. Internet is tenant's choice, and each unit has individual washer/dryer hookups, walk-in bedroom closets, and owner-provided refrigerators.Property highlights include:Townhome-style layouts with private entrances. Each unit is identical in layout, with two bedrooms and two full bathrooms. One bedroom has an ensuite bath, and hall bath also opens into the additional bedroom. There are 20 parking spaces + 2 handicap spaces. Architectural shingle roofs approx. 8 years old. 7 exterior + 5 interior HVAC units replaced within last 5 years. Smoke and CO2 detectors in all units. No pets allowed. Each unit has its own trash can (no dumpster). Utility Providers: Entergy (electric) and Baton Rouge Water (water/sewer/trash).
Location
State LA
Parish East Baton Rouge
Direction From Millerville Exit on I-12, head toward Old Hammond Highway. Turn Right onto Old Hammond. Turn Left onto Gloria Dr; complex will be on the Left.
Interior
Interior Features Electric Stove Con., Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Vinyl:Tile Floor, Wall to Wall Carpet Floor
Equipment Ceiling Fans
Appliance Dishwasher, Disposal, Range/Oven, Refrigerator
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Lighting
Garage Spaces 22.0
Fence Privacy, Wood
Utilities Available Cable Connected
Roof Type Shingle
Private Pool false
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools East Baton Rouge
Middle Schools East Baton Rouge
High Schools East Baton Rouge
Others
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other
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