Catylist ID:
#30820132
Income-Producing LSU Multifamily Portfolio
Multi-Family
for Sale
| Catylist Listing ID: | 30820132 |
| Property Subtypes: | Low-Rise/Garden |
| Number of Units: | 48 Units |
| Building Size (RSF): | 1 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.13 Acres |
| Sale Price: | $2,300,000 |
| Unit Price: | $47,916.67 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/28/2023 |
Overview / Comments
|
The properties in this portfolio present a value-add opportunity through cosmetic and amenity upgrades. Each of the five apartment buildings in this portfolio are all located in the same neighborhood, Tigerland Acres. The properties each include ample off-street parking. The properties are located just ±1 mile off of LSU Campus, presenting the opportunity to capitalize on the student and staff population of ±42,414. The property is located ±10 minutes away from Downtown Baton Rouge. • Value-Add opportunity • All properties located in the same neighborhood • Ample off-street parking • ±1 mile from LSU Campus, ±10 minutes to downtown BR |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 52 |
| Tax ID/APN: | 005-2899-4 |
| Zoning: | A4 |
| Total Number of Buildings: | 5 |
| Number of Stories: | 2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,204 | 52,951 | 133,693 |
| Median Age: | 22.42 | 30.41 | 33.32 |
| Households: | 4,895 | 22,005 | 56,461 |
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