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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 ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

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