5537 Arialo Dr, Baton Rouge, LA, 70820

This residence is being sold as an investment property. The home is leased through July 31, 2007. The rent is $1375.00 a month with a $1300.00 damage deposit. Located in a very desirable neighborhood just off the LSU campus, the home is in great condition and is very easy to market. The tenant base is comprised almost entirely of affluent college and graduate school students, and some young professionals. Due to the new zoning law enforcements of Baton Rouge parish in the last two years, this quaint neighborhood and a few other small neighborhoods nearby are the only places where the city permits three unrelated people to live together. The whole of these three neighborhoods, comprised of around a hundred residences, is the only location where affluent students can move into at this quality as an alternative to big apartment living. The homeowner's association for this property are responsible for cutting all the front lawns in the neighborhood, as well as the entry way. The HOA dues are $180.00 every six months, and the property tax is 1% of the home's value. This is a cozy three bedroom home with a master suite that has separate shower and bath tub with a walk-in closet. The two smaller bedrooms are both spacious with walk-in closets. They share a full bath with shower and bath tub. The kitchen and bathrooms are tiled and the rest of the home is carpeted. There is also a large gas fireplace in the den. The washing machine is new and all the appliances can be left upon negotiation.

MLS^® ID 2007149452