Below Market Rent Apartments off of Nicholson Dr

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30819707
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 10 Units
Building Size (RSF): 3,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.20 Acres
Sale Price: $390,000
Unit Price: $39,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2022

Overview / Comments

Currently the complex operates with below market rents, opportunity for raising rents in the future.

The property is located ±2.0 miles away from LSU Campus and presents the opportunity to capitalize on the University's population of ±35,914 students and ±3,812 staff members.

The property includes a coin-operated laundry room, offering the potential for extra income.

The property is also conveniently located just 10 minutes away from Downtown and Baton Rouge and I-10.

• Below market rents
• ±2.0 Miles away from LSU Campus
• 10 Minutes to Downtown BR and I-10

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Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Tax ID/APN: 018-0124-4
Zoning: A4
Percent Occupied: 50%
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,204 51,867 133,693
Median Age: 22.42 30.65 33.32
Households: 4,895 21,717 56,461

Contact

Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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