Active
36-Unit Multifamily Opportunity with Assumable Note
6867 Titian Ave Baton Rouge, LA 70806
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Overview
6867 Titian Ave is a 36-unit apartment complex named Pelican Point.
The complex is currently 97% occupied.
Asset has an assumable loan – Contact broker for details.
The property is comprised of (6) 1 bd / 1 ba units, (22) 2 bd / 1 ba units, and (8) 3 bd / 2 ba units.
The current owner collects additional income through the laundry machines.
There is a large parking lot wrapping around three sides of the apartment building.
The property is strategically located in a growing area, just ±5 minutes from Florida Blvd at Airline Hwy and the new ±3,500,000 Amazon distribution center.
• 97% Occupied
• Asset has an assumable loan – Contact broker for details
• Large parking lot wrapping around the complex
• ±5 Minute access to Florida Blvd at Airline Hwy
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Links
For Sale
Multifamily
Secondary Uses: Low Rise
- Sale Price
- $2,600,000
- Price Per SF
- $91.7/SF
- Cap Rate
- 7.28%
- Building Size
- 28,364 SF
- Acres
- 0.771 ac
- Zoning
- C2
- Max Contiguous
- 28,364
- Number of Buildings
- 1
- Floors
- 2
- Construction Type
- Framed
- Submarket
- LACDB - 60
- Property Status
- Existing
- In Opportunity Zone
- Yes
- County
- East Baton Rouge Parish
- Created
- 2023-10-20
- Updated
- 2025-02-10
- Listing ID
- 231605aa