Active

90% Occupied Multifamily Apartments off Florida Blvd

985 Monet Dr Baton Rouge, LA 70806

1 / 5

Overview

Offering Memorandum https://buildout.com/connect/sharing/multifamily-apartments-off-florida-blvd-985-monet-dr-baton-rouge-la-70806?view_locked_docs=true This 90% occupied multifamily asset is located just off Florida Blvd near the Bon Carré Technology Park. The 20-unit property consists of 2, two-story buildings with a shared parking lot, plus a laundry facility. The surrounding area is primarily multifamily developments. There is strong potential for new ownership to raise rents after leasing up vacancies and completing minor updates. • 90% occupied • Located off Florida Blvd near Bon Carré Technology Park • Located in Flood Zone X • Surrounding area is primarily multifamily developments

For Sale

Multifamily

Secondary Uses: Low Rise

Sale Price
$1,300,000
Price Per SF
$74.4/SF
Building Size
17,475 SF
Acres
0.588 ac
Zoning
A4
Building Class
C
Number of Buildings
2
Floors
2
Construction Siding
Brick
Construction Type
Masonry
Rentable SF
17,475
Submarket
LACDB - 60
Nearest MSA
Baton Rouge
Property Status
Existing
In Opportunity Zone
Yes
County
East Baton Rouge Parish
Created
2024-11-22
Updated
2024-12-05
Listing ID
eac7db2a