674-Unit REO Apartment Portfolio For Sale

1710 N Marque Ann Dr, 2888 Dougherty Dr, 1737 La Annie Dr, 5665 McClelland Dr, Baton Rouge, LA 70815

  • For Sale $23,590,000
  • Property Type Multi-Family
  • Property Size 597,356 SF
  • Units 674
  • Additional Rent Contact for pricing
  • Date Updated Oct 29, 2024
-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. View the Portfolio Summary Brochure to view Offering Memorandums for each of the properties. Properties can be purchased separately or together as a package.

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Attachments

Contacts

broker

Mark Segalla

ELIFIN®

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent
  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Baton Rouge, LA
  • Neighborhood Forest Heights - Glen Oaks
  • Zip Code 70815
  • Market Baton Rouge

Points of Interest

  • Valero

    0.39 miles

  • Texaco

    0.75 miles

  • Shell

    0.89 miles

  • Cousin's Food Mart

    0.91 miles

  • Mike's Truck Stop

    0.93 miles

  • Exxon

    1.05 miles

  • Chevron

    1.26 miles

  • RaceTrac

    1.32 miles

  • Ben's

    1.61 miles

  • Green Park

    4.97 miles

  • Bon Carre Parking

    3.88 miles

  • Claiborne Garage

    4.61 miles

  • Insurance Building Parking

    4.71 miles

  • State Capitol Northwest Lot

    4.72 miles

  • Galvez Garage

    4.96 miles

  • State Welcome Center Parking Garage

    5.08 miles

  • LaSalle Garage

    5.09 miles

  • Parkhaus

    5.14 miles

  • East River Center Parking Garage

    5.47 miles

  • West River Center Parking Garage

    5.50 miles

  • Vel Rose Motel

    0.35 miles

  • SpringHill Suites Baton Rouge North/Airport

    1.43 miles

  • Microtel Inn & Suites

    1.47 miles

  • Days Inn by Wyndham Baton Rouge Airport

    1.48 miles

  • Hilton Garden Inn Baton Rouge Airport

    1.52 miles

  • Paradise Inn & Suites

    1.83 miles

  • Comfort Inn & Suites Airport

    2.16 miles

  • Ten Flags Inn

    2.83 miles

  • The Shades Motel

    3.84 miles

  • Wood Acres Motel

    3.85 miles

  • Church's

    0.23 miles

  • Popeyes

    0.58 miles

  • Burger King

    0.84 miles

  • Subway

    0.87 miles

  • Hunt Brothers Pizza

    0.92 miles

  • McDonald's

    0.97 miles

  • Sonic

    1.29 miles

  • IHOP

    1.35 miles

  • Smoothie King

    1.37 miles

  • Domino's

    1.38 miles

  • Glen Oaks Middle School

    0.41 miles

  • Claiborne Elementary School

    0.53 miles

  • Zion City School

    0.68 miles

  • Baton Rouge Preparatory Academy School

    0.69 miles

  • Can Academies School of East Baton Rouge

    0.69 miles

  • Baton Rouge Marine Institute Alternative School

    0.82 miles

  • Merrydale Elementary School

    0.84 miles

  • Glen Oaks High School

    0.87 miles

  • Redemptorist Catholic Diocesan Junior High School

    1.13 miles

  • Redemptorist Catholic Diocesan High School

    1.13 miles

  • Unique Care Learning Center LLC

    4.12 miles

  • Jayla's Learning Center

    5.41 miles

  • Educational Station Children Center

    5.49 miles

  • Southside Daycare & Early Learning Center

    6.24 miles

  • KinderCare

    7.85 miles

  • The Learning Center

    9.51 miles

Frequently Asked Questions

How much does 674-Unit REO Apartment Portfolio For Sale cost?

The space currently listed for sale at 674-Unit REO Apartment Portfolio For Sale asks for $23,590,000.

What is the total square footage of 674-Unit REO Apartment Portfolio For Sale?

674-Unit REO Apartment Portfolio For Sale totals 597,356 square feet.

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Contact Listing Broker

broker

Mark Segalla

ELIFIN®