Multifamily
Baton Rouge Portfolio
4150 72nd Ave, Baton Rouge, LA 70807
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Baton Rouge Portfolio, comprised of three multifamily communities totaling 248 units in Baton Rouge, Louisiana. The properties were built in 2001 and 2002 and feature low-density site plans (17.2 units per acre) in dynamic locations. Additionally, the portfolio offers a new investor the unique opportunity to implement a comprehensive value-add program to achieve significant additional income through upgrade premiums. Each asset is located within the North Baton Rouge submarket, the highest-ranking submarket in the region, which achieved 4.2 percent average rent growth at the end of the first quarter 2023. Baton Rouge is Louisiana’s capital city and boasts a population of over 228,000 residents and is home to Louisiana State University (LSU).
Baton Rouge Portfolio
Investment Highlights
- Three-Property Portfolio Consisting of 248 Units in Louisiana's Capital City, Baton Rouge
- Located just South of Baton Rouge Metropolitan Airport and Four Miles North of Downtown
- Built in 2001 and 2002, the Portfolio Provides a Significant Value-Add Opportunity
- Dynamic Locations in North Baton Rouge, the Highest Ranked Submarket for Rent Growth
- Attractive Loan Assumption Opportunity with 4.57% Interest Rate
- Unique Upside Through LURA Expirations in 2029-2032
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Three-Property Portfolio Consisting of 248 Units in Louisiana's Capital City, Baton Rouge
- Located just South of Baton Rouge Metropolitan Airport and Four Miles North of Downtown
- Built in 2001 and 2002, the Portfolio Provides a Significant Value-Add Opportunity
- Dynamic Locations in North Baton Rouge, the Highest Ranked Submarket for Rent Growth
- Attractive Loan Assumption Opportunity with 4.57% Interest Rate
- Unique Upside Through LURA Expirations in 2029-2032
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Baton Rouge Portfolio, comprised of three multifamily communities totaling 248 units in Baton Rouge, Louisiana. The properties were built in 2001 and 2002 and feature low-density site plans (17.2 units per acre) in dynamic locations. Additionally, the portfolio offers a new investor the unique opportunity to implement a comprehensive value-add program to achieve significant additional income through upgrade premiums. Each asset is located within the North Baton Rouge submarket, the highest-ranking submarket in the region, which achieved 4.2 percent average rent growth at the end of the first quarter 2023. Baton Rouge is Louisiana’s capital city and boasts a population of over 228,000 residents and is home to Louisiana State University (LSU).
Exclusively Listed By
