South Baton Rouge Multifamily Portfolio
$1,170,000
1629 Starboard Drive, Baton Rouge, LA 70820
7.8
Cap Rate
92,003
NOI
Details:
Description:
SOUTH BATON ROUGE MULTIFAMILY PORTFOLIO
16 Units | 4 Fourplexes | $1,170,000 Portfolio Offering
Commercial Property Advisors is pleased to present a 16-unit multifamily portfolio located in a high-demand South Baton Rouge rental area approximately three miles south of LSU. The offering consists of four fourplexes and is available as a complete portfolio or as individual properties.
OTHER PROPERTIES INCLUDED IN SALE
8302 Innovation Park Dr.
1639 Starboard Dr.
1649 Starboard Dr.
Complete 16-Unit Portfolio Asking Price: $1,170,000
INVESTMENT HIGHLIGHTS
• 16 Total Units
• 100% Current Occupancy
• $11,625 Monthly Gross Scheduled Income
• $139,500 Annual Gross Scheduled Income
• $1,170,000 Portfolio Asking Price
• Four Fourplexes
• Approximately 3 Miles South of LSU
• Strong surrounding employment base supporting rental demand
• Below-market rents with upside potential
• Fourplex market rents avg $775–$850/month per unit
• Duplex market rents avg $1,200/month per unit
• Tenants Pay All Utilities
• Washer & Dryer Hookups in Every Unit
• Buildings are well maintained
• Most roofs approximately two years old or newer
• Package sales available
Documents:
| Title | ||
|---|---|---|
| Starboard & Innovation Properties Brochure |
Location
Gallery
