For Sale $3,585,000
Property Type Multi-Family
Property Size 28,750 SF
Units 28
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Date Updated Apr 15, 2024

Located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park.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 Confidenitality Agreement and All Financial Docs 225.907.5214

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Highlights

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 Confidenitality Agreement and All Financial Docs

Contacts

Matthew Shirley

Saurage Rotenberg Commercial Real Estate

Location

Getting Around

Walk Score ®
61/100 Somewhat Walkable
Bike Score ®
63/100 Bikeable

Map
Street

City Baton Rouge, LA
Neighborhood Roseland Terrace - Kleinert Terrace
Zip Code 70806
Market Baton Rouge

Points of Interest

Citgo

0.54 miles
Shell

0.60 miles
Circle K

0.65 miles
Easy Stop

0.66 miles
Exxon

0.80 miles
Chevron

1.20 miles
Tesla Supercharger

1.24 miles
Green Park

1.58 miles
ChargePoint

3.09 miles

East River Center Parking Garage

1.53 miles
West River Center Parking Garage

1.58 miles
Galvez Garage

1.60 miles
Belle of Baton Rouge - Mayflower

1.65 miles
Belle of Baton Rouge - South River Road

1.70 miles
Parking 3A

1.70 miles
Insurance Building Parking

1.76 miles
LaSalle Garage

1.80 miles
State Welcome Center Parking Garage

1.88 miles
State Capitol Northwest Lot

1.93 miles

Alamo Plaza Motel

1.20 miles
La Quinta Inn Baton Rouge University Area

1.24 miles
Radisson Hotel Baton Rouge

1.33 miles
Courtyard Baton Rouge Acadian Centre/LSU Area

1.41 miles
Rivermark Centre

1.60 miles
Belle of Baton Rouge Hotel

1.62 miles
WATERMARK Baton Rouge, Autograph Collection

1.64 miles
Courtyard Baton Rouge Downtown

1.66 miles
Hotel Indigo Baton Rouge Downtown

1.72 miles
Hilton Baton Rouge Capitol Center

1.76 miles

Domino's

0.26 miles
Pizza Hut

0.29 miles
KOK Wings & Things

0.69 miles
Doe's Eat Place

0.69 miles
Mike's Seafood

0.70 miles
Rocca Pizzaria

0.78 miles
Hook's Catch

0.84 miles
Chicken Shack

0.87 miles
BLDG 5

0.97 miles
Kalurah Street Grill

1.00 miles

Catholic High School

0.34 miles
Louisiana Key Academy

0.39 miles
Baton Rouge Magnet High School

0.39 miles
Saint Joseph's Academy School

0.42 miles
Dufrocq Montessori Elementary School

0.50 miles
Louisiana New School Academy

0.65 miles
Sacred Heart of Jesus School

0.86 miles
Baton Rouge Center for Visual and Performing Arts

0.88 miles
McKinley Middle Magnet School

0.90 miles
Louisiana School for the Visually Impaired

0.93 miles

Unique Care Learning Center LLC

0.91 miles
Southside Daycare & Early Learning Center

2.06 miles
KinderCare

5.72 miles
The Learning Center

6.06 miles
Educational Station Children Center

6.40 miles
Jayla's Learning Center

6.50 miles
Creative Kids Fine Arts Academy

9.98 miles

Frequently Asked Questions

How much does 100% Occupied Multifamily w. 3.86% Assumable Loan cost?

The space currently listed for sale at 100% Occupied Multifamily w. 3.86% Assumable Loan asks for $3,585,000.

What is the total square footage of 100% Occupied Multifamily w. 3.86% Assumable Loan?

100% Occupied Multifamily w. 3.86% Assumable Loan totals 28,750 square feet.

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