ID a0b4bf1b
Mid City Flats - Base 2
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

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
- 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
