SOUTH BATON ROUGE MULTIFAMILY PORTFOLIO (8302 Innovation Park Dr)
$2,744,000
8302 Innovation Park Drive, Baton Rouge, LA 70820
8
Cap Rate
40,974 sqft
Building Size
Details:
Description:
SOUTH BATON ROUGE MULTIFAMILY PORTFOLIO
38 Units | 9 Fourplexes + 1 Duplex | $2,744,000 Portfolio Offering
Commercial Property Advisors is pleased to present a 38-unit multifamily portfolio located in a high-demand South Baton Rouge rental area approximately three miles south of LSU. The offering consists of nine fourplexes and one duplex and is available as a complete portfolio or as individual properties.
PURCHASE OPTIONS
Portfolio Asking Price: $2,744,000
The entire 38-unit portfolio may be purchased for $2,744,000, or the properties may be purchased individually. Individual building asking prices and property-specific lot sizes are provided in the attached Property Schedule.
38 Total Units
100% Current Occupancy
$27,385 Monthly Gross Scheduled Income
$328,620 Annual Gross Scheduled Income
$2,744,000 Portfolio Asking Price
Nine Fourplexes + One Duplex
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:
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Location
Gallery
