94% Occupied Multifamily Investment With Off-Street Parking

Multi-Family for Sale
Catylist Listing ID: 30813160
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 8,640 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 Acres
Sale Price: $600,000
Unit Price: $37,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/12/2022

Overview / Comments

These twin, ±4,320 SF apartment buildings are currently 94.4% occupied.

The property consists of 16 units - all 1 bedroom, 1 bathroom.

Both buildings have undergone recent renovations including general exterior upgrades and interior upgrades in select units.

Most of the tenants have Month-to-Month leases, offering potential for increasing
rents.

The buildings boast ample parking, over 16 spaces, on either side.

Common area laundry hookups available for purchaser.

• 94.4% Occupied
• Recently renovated - General exterior upgrades and interior upgrades in select units
• Month-to-Month tenants offer potential for increasing rent
• Ample parking spaces (16+)

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 31
Tax ID/APN: 002-1225-3
Zoning: C2
Percent Occupied: 944%
Total Number of Buildings: 2
Number of Stories: 2
Total Parking Spaces: 16
Lot Frontage: 140'
Lot Depth: 120'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,096 89,672 173,549
Median Age: 32.58 32.24 33.73
Households: 5,961 33,849 67,442

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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