27460 N N. POLO Road $1,300,000

    Close

    27460 N N. POLO Road Folsom, LA 70437

    • 69,000 sq. ft.
    • 30.00 Acres
    • Commercial
    • MLS# 2424894
    Favorite Share
    Views: 16 Days On Site: 146

    Go Tour This Listing

    Schedule A Showing

    Property Details

    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.

    Contact

    Neighborhood

    Neighborhood Details available exclusively for My Property Finder members

    Market Last 30 Days In This Postal Code

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $1,300,000
    2/15/2024 12:22:37 PM Price Reduced Source: Multiple Listing Service New Value: $1,300,000 -10.34%
    12/4/2023 1:23:00 PM New in Database Source: Multiple Listing Service New Value: $1,450,000

    Payment Calculator

    $0 per month
    Year Fixed, Interest
    Principal and Interest
    $0
    Property Taxes
    Homeowners' Insurance

    Home Price
    Down Payment
    * This payment calculator is intended for educational and planning purposes only.
    ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
    Copyright 2024 New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency and status of all information. Data displayed is a portion of, and not a complete listing of all listing information published in the GSREIN Multiple Listing Service.

    NOMAR Terms and Conditions
    Copyright 2024 New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited.

    Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

    The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence.

    By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.


    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.