27460 N N. Polo Road Folsom, LA 70437
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.
- Property TypeCommercial
- NeighborhoodFolsom
- CountySt. Tammany
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site170 Days
- MLS StatusActive
- MLS ID Number2424894
- Home Size Source N/A
- Year BuiltN/A
- Lot Size30 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Frame
- Parking Parking Lot
- Sewer Septic Tank
- Number of Stories 11
- Acreage 30
- Water Well
- Cross Street Highway 1077
- Zoning rec
Exterior Features
- Lot AcreageOutside City Limits