Catylist ID:
#30787714
| Catylist Listing ID: | 30787714 |
| Property Subtypes: | Low-Rise/Garden, Other |
| Number of Units: | 80 Units |
| Building Size (RSF): | 56,303 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3.67 Acres |
| Sale Price: | $5,600,000 |
| Unit Price: | $70,000 Per Unit |
| Property Use Type: | Investment |
| Building Name: | Summer Grove Apartments |
| Sale Terms: | Cash to Seller |
| Last Updated: | 12/5/2023 |
Overview / Comments
|
Summer Grove Apartments is an 80-unit multifamily asset located on Florida Blvd in Baton Rouge, LA. Current ownership has recently completed numerous renovations and upgrades to m units in addition to exterior renovations on the entire complex. 80 units are split between two, two-story buildings with shared parking and interior courtyards. Tenants utilize stairs for 2nd floor units, and all units feature rear porches or balconies to access the interior courtyard / recreation area. There is also an administration /utility building (±900 SF) adjacent to the apartment buildings. Florida Blvd is a major thoroughfare for Baton Rouge residents and commuters and offers Summer Grove Apartments high visibility to local citizens. The central location allows tenants convenient access to many local retailers, restaurants, and grocers and quick access to Airline Hwy and Sherwood Forest Blvd for commuting. The property is 2.3 miles east of Amazon’s new regional fulfillment center and only a 6-minute drive from Interstate 12. • Recent exterior renovations • Multiple units renovated and upgraded • Sixteen (16) 1 bed / 1 bath units + Sixty-four (64) 2 bed / 1 bath units ****Please call broker for more information including financials and rent roll.**** |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 42 |
| Tax ID/APN: | 024-9939-8 |
| Zoning: | C2 |
| Total Number of Buildings: | 3 |
| Number of Stories: | 2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 14,968 | 79,307 | 191,870 |
| Median Age: | 32.87 | 35.64 | 35.73 |
| Households: | 5,222 | 31,313 | 77,212 |
Contact
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