863 Hammond Manor Dr

Description:

The area surrounding 863 Hammond Manor Drive is located in the 70816 zip code of Baton Rouge, specifically within the Avalon/Millerville neighborhood. This is a high-demand rental corridor known for its suburban feel and exceptional convenience to major retail and transit hubs. Below is a professional breakdown of the area’s characteristics: 1. Strategic Location & ConnectivityThe property is situated just off Old Hammond Highway, a major east-west artery.Infrastructure Upgrades: As of May 2026, the MOVEBR program has broken ground on a $12 million improvement project for Old Hammond Highway. This includes widening the road to four lanes and adding a roundabout at South Flannery Road. Long-term, this will significantly reduce traffic congestion and improve property values. Proximity to I-12: The location provides rapid access to the I-12 corridor (O’Neal Lane exit), making it an ideal "commuter pocket" for professionals working in downtown Baton Rouge or the industrial corridors to the east. 2. Retail & Economic DriversThe neighborhood is a retail hub, ensuring low vacancy rates due to the high density of nearby employment:Shopping: Residents are within a 5-minute drive of O’Neal Village, the O’Neal Shopping Center, and several major grocers.Healthcare: The property is located near the O’Neal Lane medical district, including the Ochsner Medical Center, which provides a steady base of healthcare professional tenants. 3. Market Trends & DemographicsRental Market: The 70816 zip code is one of the most stable rental submarkets in Baton Rouge. Market data indicates an average rent of approximately $1,065 for the area, supporting your goal of pushing rents to $1,050. Residential Profile: The area is characterized by a mix of long-term homeowners and young professionals. It is described as "exceptionally drivable" with a high concentration of multi-family assets that cater to the local workforce. 4. Education & CommunitySchools: The area is served by the East Baton Rouge Parish School District, with nearby institutions including Riveroaks Elementary and Southeast Middle School. Recreation: It is close to several BREC parks, offering green space in an otherwise densely developed suburban environment.


Proven Performance: Long-term history of stable occupancy and reliable revenue. Value-Add Potential: Current rents sit below the market ceiling. Similar properties on the same street are currently achieving $1,050 per month, providing a clear path for the new owner to increase NOI through strategic renewals and market adjustments. Asset Quality: The building has been expertly managed, ensuring minimal deferred maintenance for the incoming purchaser. Pro Forma Summary Current Status: 75% Occupied (Unit D in transition) Market Rent Potential: $1,050/unit Property Type: Multi-Family (4-Unit)


This meticulously maintained quadplex offers an investor a turnkey opportunity with consistent, proven cash flow. While Unit D is currently in lease-up, the asset historically maintains near-full occupancy.

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