Mark Akchin Keller Williams Realty | Red Stick Partners
States: Louisiana
Counties: East Baton Rouge, West Baton Rouge, Ascension, Livingston, Iberville, East Feliciana, West Feliciana, Tangipahoa, Pointe Coupee
Cities and Towns: Baton Rouge, Prairieville, Gonzales, St. Amant, Sorrento, Port Allen, Brusly, Addis, St. Gabriel, New Roads,Jarreau, St. Francisville, Clinton, Zachary, Baker, Hammond
Licensed Since: 2002 | LA License # 59601
About Mark Akchin
Having been licensed in Louisiana since 2002, I bring the perspective of both an experienced Realtor and a longtime consumer when I work with investors. I have been buying and selling homes since 1993,almost a decade before I chose to become a licensed Realtor. One of the things that sets me apart is that I spend time on the front end asking specific questions about the types of deals my investor is looking to find, as every investor has unique criteria to consider. Because time is money, I get the client to spend time on the front end so we can save time when the deals are brought before us. Proving There Is A Difference in Realtors is my slogan. Call me and you will quickly see how I am able to do just that.
Market Overview
Baton Rouge is home to all things Louisiana and with a prime, central location—just an hour away from New Orleans and Lafayette— we are a perfect city to own a portfolio of investment property. Nicknamed the “Red Stick,” Baton Rouge houses over 300 years of history, much of which can be tasted in our delectable food, seen in our unique architecture and learned through our unique arts and culture scene. We are the state capital so there will always be a need for housing during the legislative sessions. We are home to two major universities, Louisiana State University, home of the Fighting Tigers and Southern University, home of the Jaguars and the Human Jukebox. College students, professors and administrative staff are a large portion of the renters in our city. In addition to that, we have a large tourism industry and Air Bed and Breakfasts are becoming more and more common.
Our economy is consistently strong and home prices, as well as rental prices, have continued to increase. The higher the risk, the higher the reward holds true to our city, so buying lesser expensive properties can equate to a higher risk tenant or a higher turnover. Our property taxes are considered low when compared to other areas.
Please know that I am available to answer any specific questions one may have about our area.Named the 9th best place in the country to start a new business (CNN 2009)
Investment Price Points
Investment properties are available in the $20,000 range and that would likely afford a 2 bedroom, 1 bathroom home in a lower income area. Rents would likely be in the $400-$500 range where many of the tenants would be using government subsidies. A medium range investment in a different neighborhood could range from $160,000 - $300,000. Purchasing such would likely be 3 or 4 bedrooms with 2 or 3 bathrooms, at least 1400 sfla and rents ranging from $1500 - $3000. Executive homes are definitely available but the market for those as rentals is low.
Free Report: Demographic and Housing Data on the Baton Rouge Market
Would you like free demographic and housing data on the Baton Rouge market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
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