Courtesy: Southland Properties Inc
225-751-0093
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.
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Folsom is located in Louisiana. Folsom, Louisiana has a population of 719. Folsom is more family-centric than the surrounding county with 32.02% of the households containing married families with children. The county average for households married with children is 31.4%.
The median household income in Folsom, Louisiana is $45,917. The median household income for the surrounding county is $70,986 compared to the national median of $69,021. The median age of people living in Folsom is 41.5 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 38.7 degrees. The average rainfall is approximately 63.2 inches per year, with 0 inches of snow per year.
