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Summer Grove Apartments - Call for Offers 3/8/2024

12020 Florida Blvd Baton Rouge, LA 70815

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Overview

CALL FOR OFFERS 3/8/2024. Contact Mark Segalla (225-505-4349) to schedule a tour. Summer Grove Apartments is an 80-unit multifamily asset located on Florida Blvd in Baton Rouge, LA. Current ownership has recently completed numerous renovations and upgrades to multiple units in addition to exterior renovations on the entire complex. 80 units are split between two, two-story buildings with shared parking and interior courtyards. Tenants utilize stairs for 2nd floor units, and all units feature rear porches or balconies to access the interior courtyard / recreation area. There is also an administration /utility building (±900 SF) adjacent to the apartment buildings. Florida Blvd is a major thoroughfare for Baton Rouge residents and commuters and offers Summer Grove Apartments high visibility to local citizens. The central location allows tenants convenient access to many local retailers, restaurants, and grocers and quick access to Airline Hwy and Sherwood Forest Blvd for commuting. The property is 2.3 miles east of Amazon’s new regional fulfillment center and only a 6-minute drive from Interstate 12. • Recent exterior renovations • Ideally located on a high traffic thoroughfare • Sixteen (16) 1 bed / 1 bath units + Sixty-four (64) 2 bed / 1 bath units ****Please call broker for more information including financials and rent roll.****

For Sale

Multifamily

Secondary Uses: Low Rise

Sale Price
$2,900,000
Price Per SF
$51.5/SF
Building Size
56,303 SF
Acres
1.021 ac
Zoning
C2
Max Contiguous
56,303
Number of Buildings
2
Floors
2
Year Renovated
2010
Construction Siding
Brick
Construction Type
Framed
Rentable SF
67,000
Submarket
LACDB - 42
Nearest MSA
Baton Rouge
Property Status
Existing
County
East Baton Rouge Parish
Created
2022-05-31
Updated
2025-02-10
Listing ID
4cf40b14