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

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'

View FullscreenMap

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


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
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.