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

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