Seller Financing
Address
27460 N N. Polo Road, Folsom, LA
Price
$ 1,300,000
Property Attributes
- MLS#2424894
- TypeCommercial
- ParishSAINT TAMMANY
- CityFolsom
- NeighborhoodFolsom
- Zip70437
- Style
- Price$ 1,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage69000
- Lot Size30 Acres
Data Source:
Gulf South Real Estate Information Network
Property Description
OWNER WILL FINANCE Formerly known as Serenity Farms, now known as Hitch Stables, which sits on approx. 30 acres, has an approx. 39,000 sf. Arena for Horse, and other animal shows, Three (3) large Barns, with one being under contract with a Horse Trainer, and Boarder, that has been on premises for only Six (6) months, and has so far rented 15 stales at ($300.00/head, or $4500.00 per month or $54,000.00 annually. This Barn/Stable, has 50 stales to be rented, with a Pro-Forma Income of ($15,000.00 per month, net to the Buyer of this property. Six (6) enclosed Padox Arena's, for Horse and other animal shows, or for safe, controlled keeping. Twice (2ce) a Year, there are Two (2) main events for Horses, and Buyer would receive an additional ($25,000.00) dollars, total paid by a Horse Membership Association. Pro-Forma Income on the other 208 Animal Stables, could be ($300.00) per animal, totaling $77,400.00 per month at 100% occupancy. Therefore, its prudent to hire a Property Management team to market this potential income stream, that is possible, due to the improvements that are in place. A 2,000 square foot home has just been 100% renovated, that is on the property. In the event the Buyer would want to build a large Home, there is plenty of acreage in the rear for future development.
| Price History | |
|---|---|
| 12/4/2023 | Listed $1,450,000 |
| 2/15/2024 | 11% - $1,300,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Zoning | rec |
| Construction Materials | Frame |
| Stories | 1 |
| Levels | One |
| OwnerPays | All Utilities,Insurance,Taxes |
| County | St. Tammany |
| Property Type | Commercial Sale |
| Subdivision Name | Folsom |
| Other Structures | Living Quarters |
| Total Rooms | 1 |
| Status | Active |
| Directions | N. of Interstate 12,proceeding N. on Highway 1077,to Polo Road,Folsom,Louisiana |
| City | Folsom |
| Buyer Agent Compensation | 2.5 |
| Street Name | N. POLO |
| Year Built Details | 999 |
| Property Condition | Resale |
| Days on Market | 73 |
| Structure Type | Mixed Use,Warehouse |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
| PostalCity | Folsom |
Interior Features
| Street Suffix | Road |
|---|---|
| LivingAreaSource | Measured |
Exterior Features
| Parking Features | Parking Lot |
|---|---|
| Lot Features | Acreage,Outside City Limits |
| Water Source | Well |
| Lot Size Area | 30 |
| Building Area Total | 69000 |
| Lot Dimensions | 999 |
| Lot Size Acres | 30 |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Office | Lower | Engineered Hardwood |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 70437
Price
Visits
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