Fully Occupied Multifamily Investment in Downtown Baton Rouge

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30837114
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $884,000
Unit Price: $110,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/23/2023

Overview / Comments

Now available for sale, 804 North Blvd is a fully occupied 8-plex.

Several units are leased below market value, presenting an opportunity to increase the net operating income.

The property is located in Downtown Baton Rouge, a tourism hotspot, directly off of the Downtown Greenway. Its location in this large market keeps the units occupied and presents the opportunity to bring in income through STR if a unit does become available.

All utilities are individually metered and covered by tenants. The security lighting and outdoor faucets are metered to unit 802.

The property includes ample street parking on North Blvd and St Joseph St as well as a covered, dedicated lot with 7 spaces in the rear of the property. There are also 3 uncovered spaces in the rear lot and 2 handicap spaces on St Joseph St.

The property is located just ±500 ft away from I-110 and can access I-10 within ±1 minute.

Built by historical architect A. Hays Town.

Built by historical architect A. Hays Town.

• Fully occupied 8-plex on North Blvd
• Built by historical architect A. Hays Town
• Located in Downtown Baton Rouge – directly on the Downtown Greenway
• Ample parking on street corner and in a dedicated lot

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Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 51
Tax ID/APN: 001-5514-4
Percent Occupied: 100%
Airports: Baton Rouge Metropolitan Airport (BTR)
Total Number of Buildings: 1
Number of Stories: 2
Parking Type: Surface
Lot Frontage: 128
Lot Depth: 128

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,515 82,203 170,513
Median Age: 34.3 32.97 32.91
Households: 3,242 32,046 68,155


Photograph of Listing Agent

Keagan Finley

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

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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