REO 674-Unit Apartment Portfolio Multi-Family FOR SALE


Baton Rouge, LA - Park Forest/LA North
$23,590,000 USD
225-505-4349
, Baton Rouge, LA for Sale
$23,590,000 USD
Multi-Family - FOR SALE
1/13
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REO 674-Unit Apartment Portfolio
Baton Rouge, LA
Park Forest/LA North


HIGHLIGHTS

  • Value add opportunity
  • Most units need cosmetic renovations and upgrades
  • Opportunity for full renovation at some Cherry Creek units
  • All properties located within 15 minutes of one another

OVERVIEW

View the Portfolio Summary and OMs for each property here: https://buildout.com/connect/sharing/674-unit-rep-apartment-portfolio-for-sale-baton-rouge?file=3145902 This REO (Lender Owned) multifamily portfolio presents a unique investment opportunity, combining four distinct properties in Baton Rouge, LA, each offering its own set of advantages and potential for growth. The collection includes Cherry Creek Apartments, Pine Square Apartments, Olive Square Apartments, and The Palms Apartments. Cherry Creek Apartments, established in 1976, covers 13.55 acres with 330 units, making it a significant presence in the area. It represents a valuable opportunity for investors to modernize and revamp a sizable portion of the property while maintaining occupancy in other areas. Similarly, Pine Square Apartments, extends over 7.14 acres with 183 units. This property, built in 1972, is fully fenced and gated, featuring essential amenities like a laundry facility and a leasing office. It stands out for its potential for cosmetic improvements to enhance its appeal in the vibrant rental market. Olive Square Apartments, constructed in 1976, spans 3.26 acres with 86 units. It offers a unique growth opportunity with its additional space for new construction, boosting the unit count and property value. Adjacent to Cherry Creek, Olive Square is a blend of current stability and future expansion potential. Lastly, The Palms Apartments, dating back to 1970, is a cozy community spread over 2.72 acres with 75 units. Its prime location near Airline Highway provides excellent access and visibility, making it a convenient and attractive option for residents. Overall, this portfolio presents a diversified investment opportunity in Baton Rouge's residential market. With properties ranging from a large-scale renovation project at Cherry Creek to the growth potential at Olive Square and the stable, near-stabilized environment of The Palms, investors have the chance to capitalize on a variety of strategies to enhance value and yield significant returns. Properties can be purchased separately or together as a package.

ASK ABOUT THIS PROPERTY

Mark SegallaElifin RealtyMore Info
225-505-4349

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Mark SegallaElifin RealtyMore Info
225-505-4349

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