Value Add Multifamily Apartments off Florida Blvd

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30806204
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 20 Units
Building Size (RSF): 17,475 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $875,000
Unit Price: $43,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Monet Creek Apartments
Sale Terms: Cash to Seller
Last Updated: 6/28/2022

Overview / Comments

This value-add multifamily asset is located just off Florida Blvd near the Bon Carré Technology Park.

The 20-unit property consists of 2, two-story buildings with a shared parking lot, plus a laundry facility.

The surrounding area is primarily multifamily developments.

There is strong potential for new ownership to raise rents after leasing up vacancies and completing minor updates.

Located in Flood Zone X

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Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Tax ID/APN: 007-7941-5
Zoning: A4
Total Number of Buildings: 3
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,618 102,017 242,076
Median Age: 31.69 35.06 33.68
Households: 5,409 41,875 98,029

Contact

Photograph of Listing Agent

Keagan Finley

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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