Summer Grove Apartments

Multi-Family for Sale
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: 12/6/2022

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

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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

Photograph of Listing Agent

Mark R Segalla

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

Keagan Finley

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

Mathew J Laborde

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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