8820 Greenwell Springs Road

Closed 4/27/18
Closed 4/27/18
Gallery Image 1
Last List Price
$5,100,000
95,566 sqft$53/sqft
8820 Greenwell Springs Rd, Baton Rouge, LA 70814

Description

Magnolia Gardens Apartment Complex is a two-story, garden style multifamily property total of 119 units with onsite leasing office, swimming pool and onsite coined laundry facility. Property did not flood during Aug 2016 Flood. Listed at $5,100,000 Unit price - $42,857 Land 4.118+- acres (179,380 +-sqft) Built in 1977 Complex is currently running at 91% occupancy. 36 units are 1bed/1bath - 665 sqft- $600/mth or $700 for electricity included 32 units are 2bed/1bath -788 sqft - $650/mth or $825 for...Magnolia Gardens Apartment Complex is a two-story, garden style multifamily property total of 119 units with onsite leasing office, swimming pool and onsite coined laundry facility. Property did not flood during Aug 2016 Flood. Listed at $5,100,000 Unit price - $42,857 Land 4.118+- acres (179,380 +-sqft) Built in 1977 Complex is currently running at 91% occupancy. 36 units are 1bed/1bath - 665 sqft- $600/mth or $700 for electricity included 32 units are 2bed/1bath -788 sqft - $650/mth or $825 for electricity included 51 units are 2bed/1.5bath - 910 sqft - $675/mth or $850 for electricity included Rentable sqft 95,566 About half of complex has "electricity included" adding additional cost to monthly rent. Tenant has the choice. Landlord pays all water, sewer and trash. Onsite shared laundry facilities and vending machines adding additional income averaging $13,700/year. All units have dishwasher, range, hood, refrigerator, central air and heat. Most with vinyl plank or sheet flooring and carpet. Some with ceiling fans. Call or email for additional information. DO NOT DISTURB TENANTS OR MANAGEMENT Property will ONLY be sold with Greenwell Plaza Apartments and Lone Oak Apartments which are located within 0.8 mile of Magnolia Gardens Apartment.
LISTING CLOSED: 04/27/2018 12:00 AM

  1. Listed by Leanne LaPlace Evans • RE/MAX Professional
    P: (225) 993-9939 C: (225) 993-9939 leanne@leannelaplace.com

Property Details for 8820 Greenwell Springs Road

Status
Closed
MLS #
BR2017014190
Days on Market
113
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
MULTI FAMILY FOR SALE / Townhouse
Year Built
-
Lot Size
4.12 AC / 179,380 SF
County
East Baton Rouge Parish
Subdivision Name
Sunny Brook Farms

Recent comparable sales

Median sold price

$335,000

Avg days on market

209

Sale-to-list ratio

92.9%

Baton Rouge, LA

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Acres

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Building Information for 8820 Greenwell Springs Road

Stories2Residences119Year Built-Building Size-Lot Size4.12 AC / 179,380 SF

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$32,719 per month

30 year fixed, 6.55% Interest

Principal and Interest

$25,923

Property Taxes

$6,796

HOA Dues

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Property Information for 8820 Greenwell Springs Road

Summary
Location and General Information
  • Directions: Airline Hwy, head East on Greenwell Springs Rd. Complex on right.
  • Latitude: 30.48
  • Longitude: -91.09
  • MLS Area Minor: EAST BATON ROUGE
  • Local Area: EBR MLS Area 41
Parking
  • Parking Features: Parking Lot
  • Parking Total: 218.00
School Information
  • School District: East Baton Rouge
  • High School: East Baton Rouge
  • Elementary School: East Baton Rouge
  • Middle School: East Baton Rouge
Taxes and HOA
  • Association Amenities: Pool
  • Association: No
  • Tax Lot: 15A and 15B
Property
Lot Information
  • Building Area Total: 95566.0
  • Living Area Source: Owner
  • Lot Features: Level
  • Lot Size Acres: 4.118
  • Lot Size Dimensions: irregular
Property and Assessments
  • Property Type: MULTI FAMILY FOR SALE
  • Mineral Rights: Negotiable
  • Apx Age: 31-40 Years
  • Spec List Type Disclosure: Sellers elect to sell property with full waiver of warranty & Redhibition rights at Act of Sale per LAC.C. art. 2520 and LAC.C. art. 2541. Please have buyer check appropriate section on P.A. entitled Waiver of Warranty
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Individual Meters: 1
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Frame
  • Exterior Features: Lighting
  • Foundation Details: Slab: Traditional
  • Roof: Asphalt
  • Stories: 2
Interior Features
  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Bathrooms Full: 0
  • Bathrooms Partial: 0
  • Bedrooms Total: 0
  • Cooling: Central Air
  • Flooring: Carpet, Ceramic Tile, Vinyl Sheet Floor, Vinyl Tile Floor
  • Heating: Central
  • Other Equipment: Cable Available, Ceiling Fans, Smoke Detector
  • Bathrooms Total Integer: 0
  • Hash Tag Heat Units: 119
  • Hash Tag AC Units: 119
Room Information
Room Information
  • KF Kitchen Features: Counters Laminate
Multi Family
Multi Family Information
  • Number Of Units Total: 119
Rental
Rent Information
  • Total Actual Rent: 0

Property History for 8820 Greenwell Springs Road

DateEvent & SourcePriceAppreciation
Apr 27, 2018

Sold

ROAM MLS #BR2017014190

—
Dec 29, 2017

Contract Signed

ROAM MLS #BR2017014190

—
Sep 7, 2017

Listed (Active)

ROAM MLS #BR2017014190

$5,100,000—
DateEvent & SourcePrice
04/27/2018

Sold

ROAM MLS #BR2017014190

—
12/29/2017

Contract Signed

ROAM MLS #BR2017014190

—
09/07/2017

Listed (Active)

ROAM MLS #BR2017014190

$5,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 8820 Greenwell Springs Road

Taxable ValueLand$37,330Additions$627,950Total$665,280
Tax Record2025$81,557 ($6,796 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyEAST BATON ROUGEAPN1921223

Schools near 8820 Greenwell Springs Road

This home is within East Baton Rouge Parish School District.
Rating
School
Type
Grades
Distance
Park Forest Elementary School
Public - PK to 5
Park Forest Middle School
Public - 6 to 8
Belaire High School
Public - 9 to 12
Eva Legard Learning Center
Public - 6 to 8
Rating
School
Distance
Park Forest Elementary School
PublicPK to 5

Park Forest Middle School
Public6 to 8

Belaire High School
Public9 to 12

Eva Legard Learning Center
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 8820 Greenwell Springs Road, Baton Rouge, LA 70814
$5,100,000
–
–
95,566
179,380
3366 Charlotte Drive, Baton Rouge, LA 70814
$77,900
3
1,620
–
3344 Charlotte Drive, Baton Rouge, LA 70814
$100,000
4
2,882
10,454
3275 Marydon Drive, Baton Rouge, LA 70814
–
–
–
1,670
13,006
3262 Marydon Drive, Baton Rouge, LA 70814
–
–
–
2,394
19,024
3315 Woodcrest Drive, Baton Rouge, LA 70814
$102,000
4
2,401
–

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Listing Courtesy of RE/MAX Professional

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.