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11620 Airline Hwy
Baton Rouge, LA 70816 Shenandoah

$6,950,000 USD

Apartments For Sale • 97,560 SF

Property Details

Property Type Apartments
Total Building Size 97,560 SF
Lot Size 4.91 AC
Building Class C
Year Built 1974
Zoning MF

0 Transit Score

41 Walk Score

                
                    Highlights
                
                                Strong N O I - T’3 Annualized NOI at $610,000 and Hybrid NOI at $617,000.
                            
                                Average Monthly Rents - $1,019/month and average rents PSF at $1.06/sf.
                            
                                Great Location - Situated on Airline Hwy., Devonshire Apartment benefits from easy access to major highways including Siegen, I-10 and I-12
                            
                                Strong Occupancy Rate - Currently at strong occupancy levels (averaging 94% over the last 18 months)
                            
                                Diverse Unit Mix - This property offers a variety of unit types (976 SF average unit size)
                            
                                Asking Price is an 8% Cap Rate based off the True T'12 NOI of $560,000

Amenities

Air Conditioning
Cable Ready
Dishwasher
Disposal
Laundry Facilities
Playground
Pool
Property Manager on Site
Washer/Dryer Hookup
Heating
Laundry Service
Ceiling Fans
Tile Floors
Kitchen
Refrigerator
Range
Tub/Shower
Carpet
Maintenance on site
Dining Room
Vinyl Flooring
Window Coverings

Public Transportation

Airport	Drive	Walk	Distance
Baton Rouge Metro Ryan Field	20 min	-	11.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	186
Type:	Surface
Included in Rent:	Yes

Chris Gremillion 225-952-1255 CBRE

11620 Airline Hwy Baton Rouge, LA 70816 Shenandoah