Multifamily Portfolio at Northgates of LSU on E State St

149, 229, 231, 233, 261 E State St, Baton Rouge, LA

$2,400,000

Price

6.82%

Cap Rate

$163,766.90

NOI

Overview
Cap Rate
6.82%
NOI
$163,766.90
Building Size
13,075 sqft
Occupancy
90%
Class
B
Units
20
Floors
2
Description

Located at the Northgates of LSU and just a short walk from several popular restaurants and retailers, this multifamily portfolio provides a perfect opportunity to acquire a multifamily asset. This portfolio contains 20 units in 4 separate buildings, with a mix of one and two bedroom units.. The tenant base is primarily students, and two of the units are currently being used as Airbnb rentals. Little to no deferred maintenance, a low expense to income ratio, and strong historical occupancy make this property portfolio a desirable opportunity for potential investors.

Located on E State St between Highland Rd and Dalrymple Dr.

Highlights
  • Located at the Northgates of LSU in Opportunity Zone
  • Strong rental history
  • All units rent-ready condition with little deferred maintenance
Documents

Location
Gallery