Ignite FB Tracking Pixel27460 N N. Polo Road, Folsom, LA 70437 - K2 Realty
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listing
1 of 7
CommercialFor Sale
$1,300,000
27460 N N. Polo Road
Folsom, LA 70437
Courtesy of Nations Real Estate Services LLC
MLS: Gulf South Real Estate Info Network
0Beds
69,000Sq Ft
Est. Mortgage
$6,810/mo

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.

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Information courtesy of Nations Real Estate Services LLC is subject to verification and is not guaranteed.
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