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90% Occupied Multifamily Apartments off Florida Blvd

985 Monet Dr, Baton Rouge, LA 70806

Overview

Price:$1,300,000
Number of Units:20
Building Size:17,475 SF
Property Type:Multifamily
Total Lot Size:0.57 Acres

Highlights

  • 90% Occupied
  • Located off Florida Blvd near Bon Carré Technology Park
  • Located in Flood Zone X
  • Surrounding area is primarily multifamily developments

Description

This 90% occupied multifamily asset is located just off Florida Blvd near the Bon Carré Technology Park.

The 20-unit property consists of 2, two-story buildings with a shared parking lot, plus a laundry facility.

The surrounding area is primarily multifamily developments.

There is strong potential for new ownership to raise rents after leasing up vacancies and completing minor updates.

Location

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Contact Broker

Perry Musgrow
Associate - Multifamily Sales
ELIFIN®

Cell225.931.0943
Office225.931.0943

Mark Segalla
Partner - Multifamily Sales
ELIFIN®

Cell225.505.4349
Office225.505.4349

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