4445 Alvin Dark Ave - Apartments FOR SALE


Baton Rouge, LA 70820- Highlands/Perkins
$8,995,000 USD
213-618-3824
4445 Alvin Dark Ave, Baton Rouge, LA for Sale
$8,995,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

4445 Alvin Dark Ave
Baton Rouge, LA 70820
Highlands/Perkins


HIGHLIGHTS

  • Ideal redevelopment and investment opportunity
  • Situated just 1.5 miles from Louisiana State University
  • Great mix of unit types that can suit a wide variety of residents
  • Appealing on-site amenities
  • Ample parking
  • Close proximity to numerous National Credit Tenants and local restaurants and bars

OVERVIEW

Tiger Plaza (4445 Alvin Dark Avenue - 296 units), a multifamily property in Baton Rouge, Louisiana, presents an outstanding investment and development opportunity. This receivership sale offers the property in as-is condition; it is in major disrepair and requires extensive renovations. The asset provides an ideal canvas for remodeling and creating attractive housing for university students and staff. Strategically located just 1.5 miles from Louisiana State University, the residences have appealing amenities, including a gym, basketball courts, sand volleyball courts, and a pool. Moreover, national credit tenants like McDonald’s, Sonic, Taco Bell, and Yogurtland, along with various local restaurants and bars, are situated within a 1.5 miles. This unique offering combines ideal location with the potential for transformative renovations, making it a compelling proposition for investors seeking to cater to the housing needs of the university community.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

296

PRICE/UNIT

$30,389

CAP RATE

Request Cap Rate

% LEASED

10%

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tiger Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

551

LAND DETAILS

LAND ACRES

14.17 AC

LAND SF

617,245 SF

ZONING

C1

APN/PARCEL ID

00734934

ASK ABOUT THIS PROPERTY

Christopher MalingAvison YoungMore Info
213-618-3824

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Christopher MalingAvison YoungMore Info
213-618-3824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.