50-Unit Multifamily Complex with Below Market Rents
5515-5523 Prescott Rd, Baton Rouge, LA 70805
Overview
The Place d’Charles apartment complex comprises 50 (1) bedroom, (1) bathroom units across 2 buildings.
Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $180,600.
The complex is equipped with on-site laundry facilities and a large off-street parking lot.
Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10.
This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
Offering Memorandum https://buildout.com/sharing/5515-5523-prescott-rd?file=3908052
Links
For Sale
Secondary Uses: Low Rise
- Sale Price
- $1,900,000
- Price Per SF
- $83.2/SF
- Building Size
- 22,850 SF
- Acres
- 2.48 ac
- Zoning
- C1
- Zoning Description
- Light Commercial
- Floors
- 2
- Nearest MSA
- Baton Rouge
- Tax ID Number
- 331686, 331694, 399906, 399914
- Property Use Type
- Investment
- Total Units
- 50
- County
- East Baton Rouge Parish
- Created
- 09/05/2025
- Updated
- 10/07/2025
- Listing ID
- 8ee5c3d7
- Parcel APN
- 331694