Catylist ID:
#30835377
Fully Occupied Multifamily Opportunity at LSU
Multi-Family
for Sale
| Catylist Listing ID: | 30835377 |
| Property Subtypes: | Duplex/Fourplex, Low-Rise/Garden, Student Housing |
| Number of Units: | 15 Units |
| Building Size (RSF): | 1 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $930,000 |
| Unit Price: | $62,000 Per Unit |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/16/2024 |
Overview / Comments
|
Now available for sale, this portfolio includes 3 adjacent properties at the LSU Northgates on E State St. All of the portfolio units are comprised of 1 bed / 1 bath. All 3 properties are currently 100% occupied. The properties include ample off-street parking. The portfolio currently has numerous long term tenants paying below market rate creating the opportunity to increase rents. All tenants pay their energy. Currently, the landlord covers all water / sewer. All of the units have central A/C with the exception of 1 unit. All units use on-site coin operated laundry facility. 325 E State St is a 6-plex. The interiors have been updated over the last few years and there are 3 brand new A/C units. 339 E State St is a single-family home transformed into a fourplex. 345-349 E State St is comprised of a fourplex and a single family house. • 100% Occupied • 3 Adjacent properties at the LSU Northgates on E State St • Long term tenants paying below market rate – rent increase opportunity • Units are separately metered, all tenants pay energy ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.*** |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 52 |
| Tax ID/APN: | 007-5127-8 |
| Percent Occupied: | 100% |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,099 | 81,261 | 164,690 |
| Median Age: | 27.76 | 32.78 | 33.28 |
| Households: | 4,873 | 35,028 | 68,293 |
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