REO 183-Unit Apartment Complex: Pine Square Apartments
2888 Dougherty Dr, Baton Rouge, LA
$12,346,171
Price
146,670 sqft
Building Size
183
Units
Overview
Description
Nestled in the vibrant heart of Mid City North, Baton Rouge, Pine Square Apartments offers a unique investment opportunity. This expansive property, covering 7.14 acres, features 13 buildings with a total of 183 units, built in 1972.
Its strategic location in a dynamic and growing area provides convenient access to local amenities and business hubs, making it an attractive option for residents.
Pine Square stands out with its substantial size, boasting a gross building area of 146,670 SF and a net rentable area of 122,225 SF. The property is not only fully fenced and gated, ensuring privacy and security, but also includes essential amenities like a laundry facility and a leasing office on-site.
These features contribute to the comfort and convenience of its residents.The property holds significant value-add potential, especially through cosmetic improvements. Investors have the opportunity to enhance the aesthetic appeal and functionality of the units, thereby increasing the property's overall value and appeal in the rental market.
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