Active
Sale
Investment

Mid City Flats - Base 2

4428 North Blvd, Baton Rouge, LA 70806

For Sale

$2,950,000

$226.45/SF

Cap Rate
7.12%
Building Size
13,027 SF
Lot Size
1.69 ac
Parish
East Baton Rouge
DOM
11
Listed
11/03/2026
Updated
11/04/2026
Mid City Flats - Base 2
1 / 20

Overview

Rare opportunity to acquire a 20-unit gated apartment community situated on approximately 1.9 acres in Baton Rouge. The property is 100% occupied at the time of listing and offers investors immediate in-place rental income supported by an established operating history.

The property underwent an extensive redevelopment beginning in 2022 and was taken to the stud walls and substantially rebuilt. Improvements reportedly included a new roof, updated HVAC systems, updated appliances, interior finishes, and numerous building and site improvements. Residents benefit from two dedicated front-door parking spaces per unit, a covered outdoor gathering area, and open green space within the gated community.

This stabilized multifamily investment offers the combination of strong occupancy, significant capital improvements already completed, and a proven rental history. Financial information and additional due diligence materials are available to qualified purchasers upon request.

  • 20-Unit Gated Apartment Community
  • 100% Occupied at Time of Listing
  • Extensive Redevelopment Completed in 2022
  • Property Taken to the Studs and Substantially Rebuilt
  • New Roof Installed During Redevelopment
  • Updated HVAC Systems, Appliances & Interior Finishes
  • Two Dedicated Front-Door Parking Spaces Per Unit
  • Strong In-Place Rental Income
  • Stabilized Multifamily Investment Opportunity
  • Established Occupancy History
  • Approximately 1.9 Acres with Open Green Space
  • Covered Outdoor Gathering Area
  • Significant Capital Improvements Already Completed

Additional Information

City
Baton Rouge
County
East Baton Rouge Parish
State
LA
Zip Code
70806
Latitude
30.4483907
Longitude
-91.1437543
Zoning
C2
Zoning Desc.
Heavy Commercial
Gross Income
$256,601
NOI
$209,981
Total Expenses
$46,620
Building Name
Mid City Flats Base 2
Floors
1
Year Built
2022
Parking Spaces
42
Tax ID Number
509779
Property Use Type
Investment
Property Status
Existing
Avg. Occupancy
100%
Nearest Interstate
I-10 - 3 mi
Nearest Airport
Baton Rouge Metropolitan Airport - 10 mi
Power Provider
Private - Entergy
Water Provider
Private - Baton Rouge Water Co.
Sewer Provider
City - EBROSCO
Fiber Optic Provider
Private - AT&T
Parcel APN
509779
Addl. Parcel APNs
509809
Listing ID
a0b4bf1b

Parcel & Location