4759 Earl Gros Ave - Apartments FOR SALE


Baton Rouge, LA 70820
$1,995,000 USD
213-618-3824
4759 Earl Gros Ave, Baton Rouge, LA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

4759 Earl Gros Ave
Baton Rouge, LA 70820


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

Stadium Square (4759 Earl Gros Avenue - 74 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 large courtyards 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 strategic 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

$1,995,000 USD

PRICE/SF

$40 USD /SF

# OF UNITS

74

PRICE/UNIT

$26,959

CAP RATE

Request Cap Rate

% LEASED

47%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stadium Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

A4

APN/PARCEL ID

00763179,00763187,00763195,00763209,00763217,00763225,00763233

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.