Active
100% Occupied Multifamily w. 3.86% Assumable Loan
901 St Rose Ave Baton Rouge, LA 70806
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Overview
100% Occupied, 7.0% CAP with an Assumable, Non-Recourse Loan at 3.86% Fixed through 3/31/2032
Gated 28-Unit Complex with high-quality Tenant mix located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park.
Since 2016:
Approx. $600,000 in Building Improvements Completed
Approx. $60,000 in Land Improvements Completed
Approx. $90,000 in Equipment Investment
Excellent bookkeeping from existing ownership. All Financials will be supplied upon execution of the attached Confidentiality Agreement.
27 of 28 Units have been completely renovated including washer/dryer, granite counters, new flooring and cabinets, new stainless-steel appliances.
Trash & Water/Sewer included in rent
Twelve (12) 1 bd / 1 ba
Sixteen (16) 2 bd / 2 ba
Few blocks walk from the newly redeveloped Barracuda Taco stand and numerous other neighborhood bars and restaurants.
Contact Agent for Confidentiality Agreement and All Financial Docs
225.907.5214
Attachments
Links
For Sale
Multifamily
Secondary Uses: Low Rise
- Sale Price
- $3,585,000
- Price Per SF
- $124.7/SF
- Building Size
- 28,750 SF
- Acres
- 1.388 ac
- Zoning
- A3.1
- Max Contiguous
- 28,750
- Number of Buildings
- 7
- Floors
- 2
- Construction Siding
- Brick
- Construction Type
- Masonry Reinforced
- Rentable SF
- 28,750
- Submarket
- LACDB - 51
- Nearest MSA
- Baton Rouge
- Property Status
- Existing
- County
- East Baton Rouge Parish
- Created
- 2024-04-09
- Updated
- 2025-03-11
- Listing ID
- 492d261d
- Parcel APN
- 005-1431-4