Fully Occupied 8-Unit Multifamily Complex – 8% Cap Rate

Description:

Now available for sale, 1835 Southpointe Dr is a fully occupied 7-unit multifamily property in Baton Rouge.

Currently yields a Net Operating Income of $57,380 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 1701 Ryder Dr, a 7-unit multifamily complex less than ±500 ft away from the subject property.

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