Fully Occupied 7-Unit Multifamily near Medical Corridor
$575,000
1701 Ryder Dr, Baton Rouge, LA 70808
1 sqft
Building Size
7
Units
Details:
Description:
Now available for sale, 1701 Ryder Dr is a stabilized 7-unit multifamily property in Baton Rouge.
The property is 100% occupied.
Currently yields a Net Operating Income of $46,150 and an 8% Cap Rate.
Each unit is a 2 bed, 1.5 bath layout.
The site includes an off-street parking lot with ample spaces allocated per unit.
Located just ±2 minutes from Perkins Rd at Essen Ln / Staring Ln, the property benefits from proximity to Baton Rouge’s growing medical corridor and enjoys excellent access to I-10 (±4 minutes) and I-12 (±5 minutes).
This property can be purchased individually or packaged with 1835 Southpointe Dr, an 8-unit multifamily complex less than ±500 ft away from the subject property.
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