Catylist ID:
#30837114
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 ***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: | 51 |
| Tax ID/APN: | 001-5514-4 |
| Zoning: | B1 – TRANSITION |
| 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 |
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 |
Contact
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