93% Occupied Multifamily Portfolio at LSU Northgates
3250 Carlotta St Baton Rouge, LA 70802
Overview
Offering Memorandum https://buildout.com/sharing/93-percent-occupied-multifamily-portfolio-at-lsu-northgates-3250-3270-carlotta-st-baton-rouge-la-70802?file=3799783
Now available for sale, 3250 and 3270 Carlotta St is a stabilized and renovated multifamily property comprising 2 buildings and 14 units.
The property is currently 93% occupied with long-term tenants paying below market rates, presenting an opportunity for income growth through rent increases.
The investment currently yields an actual Net Operating Income of $89,802.96. See pages 3-4 for full financials.
Each building has been updated and maintained, offering functional living space suitable for both student and professional tenants.
Ample off-street parking is available on-site.
Located at the LSU Northgates on E State St, the property offers excellent proximity to campus, drawing consistent demand from both academic and professional renters.
Links
For Sale
Secondary Uses: Low Rise
- Sale Price
- $1,700,000
- Price Per SF
- $130.8/SF
- Cap Rate
- 5.28%
- Building Size
- 13,000 SF
- Acres
- 1 ac
- Zoning
- A4
- Zoning Description
- General Multi Family Residential
- Net Operating Income
- $89,802.96
- Pro Forma NOI
- $102,868.80
- Number of Buildings
- 2
- Floors
- 2
- Parking Type
- Surface
- Tenancy
- Multiple Tenants
- Submarket
- Baton Rouge
- Nearest MSA
- Baton Rouge
- Tax ID Number
- 812234, 812099
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 14
- County
- East Baton Rouge Parish
- Created
- 2025-07-15
- Updated
- 2025-07-15
- Listing ID
- 72589700
- Parcel APN
- 812234