The Pulse BR: Goodwood Place Apartments sell for 11mm

A weekly update on the commercial real estate landscape of Baton Rouge.

Commercial Sales Recorded Last Week

356 Apartment Court Drive

Type: Multifamily
Price: $11,000,000 ($59,783 / Unit)
Buyer: NMP-Goodwood LLC
Elifin’s Notes: Goodwood Place Apartments, a 184 unit apartment complex off of Government St, sells to local investor.

459 Apartment Court Drive
459 Apartment Court Drive

Type: Multifamily
Price: $2,200,000 ($91,667 / Unit)
Buyer: NMP-Goodwood LLC
Elifin’s Notes: Marquette Place, a 24 unit apartment complex located off Government St, sells to local investor.

1644 Gwen Dr
1644 Gwen Dr

Type: Multifamily
Price: $795,000 ($56,786 / Unit)
Buyer: Kindred Properties LLC
Elifin’s Notes: Local investor purchases two fourplexes and three duplexes on Gwen Dr and Great Smokey Ave.

9302 Great Smokey Ave
9302 Great Smokey Ave

Type: Multifamily
Price: $350,000 ($58,333 / Unit)
Buyer: Kindred Properties LLC
Elifin’s Notes: Local investor purchases three duplexes on Great Smokey Ave.


Commercial Permits Issued Last Week


Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty
marketing@elifinrealty.com
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