Active
90% Occupied Multifamily Apartments off Florida Blvd
985 Monet Dr Baton Rouge, LA 70806
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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
Links
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