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

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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


Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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