$125,000
$125,000
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12,000 SqFt
SOLD DATE : 11/17/2025
Key Details
Sold Price $125,000
Property Type Multi-Family
Sub Type Apt Complex (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $10
Subdivision Folsom Thoroughbred Training
MLS Listing ID 2025021085
HOA Fees $250/ann
Lot Size 0.710 Acres
Property Sub-Type Apt Complex (5+ Units)
Property Description
OWNER FINANCING AVAILABE! Exciting Investment Opportunity with excellent cashflow and potential for more! This barn is equipped with 20 stalls, washing station, feed room, utility and tack room, a fully functioning walking wheel, and a huge hay loft for storage or to add more apartments of additional income! Stalls currently rent for $150 per month per stall for a potential of $3000 per month. The 1 bedroom 1 full bath apartments upstairs rent between $350-400 per unit with one unit currently rented with a long term tenant at $400 per month. Purchase of the property grants access to a fully operating and maintained 3/4 mile racetrack with starting gates.
Location
State LA
County St Tammany
Interior
Heating None
Cooling None
Exterior
Garage Spaces 4.0
Building
Foundation Other
Sewer Septic Tank
Water Public
Schools
Elementary Schools St Tammany Parish
Middle Schools St Tammany Parish
High Schools St Tammany Parish
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition As Is
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