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Multifamily For Sale • 22,988 SF
| Fully occupied 18-unit multifamily property with 100% occupancy and consistent rental income. |
| Sixteen of eighteen units have been fully renovated with new flooring, countertops, appliances, paint, and fixtures. |
| Each unit features washer and dryer connections, enhancing tenant convenience and retention. |
| Current ownership covers water, sewer, and trash, with potential to increase NOI by billing back utilities and adjusting rents to market levels. |
| Located in Baton Rouge, a major economic hub anchored by state government, LSU, healthcare systems, and petrochemical industries. |
| Strong projected returns with a 7.7% cap rate and opportunity to achieve $178,304 in annual NOI through operational adjustments. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Baton Rouge Metro Ryan Field | 22 min | - | 15.1 mi |
Blake Baldocchi
Partners
Blake Baldocchi
Partners