901 Saint Rose Ave - Apartments FOR SALE


Baton Rouge, LA 70806- Mid City Baton Rouge
$3,585,000 USD
225-907-5214
901 Saint Rose Ave, Baton Rouge, LA for Sale
$3,585,000 USD
Apartments - FOR SALE
1/42
null | 7% Cap Rate

901 Saint Rose Ave
Baton Rouge, LA 70806
Mid City Baton Rouge


HIGHLIGHTS

  • 100% Occupied Apartment Complex for Sale
  • Gated
  • Pool
  • Excellent Location

OVERVIEW

100% Occupied, 7.0% CAP with an Assumable, Non-Recourse Loan at 3.86% Fixed through 3/31/2032 Gated 28-Unit Complex with high-quality Tenant mix located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park. Since 2016: Approx. $600,000 in Building Improvements Completed Approx. $60,000 in Land Improvements Completed Approx. $90,000 in Equipment Investment Excellent bookkeeping from existing ownership. All Financials will be supplied upon execution of the attached Confidentiality Agreement. 27 of 28 Units have been completely renovated including washer/dryer, granite counters, new flooring and cabinets, new stainless-steel appliances. Trash & Water/Sewer included in rent Twelve (12) 1 bd / 1 ba Sixteen (16) 2 bd / 2 ba Few blocks walk from the newly redeveloped Barracuda Taco stand and numerous other neighborhood bars and restaurants. Contact Agent for Confidentiality Agreement and All Financial Docs 225.907.5214

FOR SALE DETAILS

PRICE

$3,585,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

28

PRICE/UNIT

$128,036

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied 28 Unit w. 3.86% Assumable Loan

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

A3.1

APN/PARCEL ID

00514314

ASK ABOUT THIS PROPERTY

Matthew ShirleySaurage Rotenberg Commercial Real EstateMore Info
225-907-5214

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Matthew ShirleySaurage Rotenberg Commercial Real EstateMore Info
225-907-5214

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