For Sale
$2,982,000

7272 Burbank DrBaton Rouge, LA 70820

12-Unit Apartment Building, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12-unit apartment building situated on a 1.4-acre lot at 7272 Burbank Dr, Baton Rouge, LA 70820. The property boasts a total of 36,000 square feet, with each unit offering a generous 1,500 square feet of living space. Each spacious unit features three bedrooms and two full bathrooms, a full kitchen, and a living room, all enhanced by high ceilings. Currently vacant, the complex has undergone extensive renovations and has recently been legally filed as condominiums, providing a buyer with the flexibility to sell individually or rent as apartments. The property's prime location on Burbank Dr, near Lee Dr, places it in a high-traffic area with abundant nearby amenities, including restaurants, fast food establishments, and gas stations. Its proximity to LSU's campus (1.7 miles) and Downtown Baton Rouge (approximately 7 miles) further enhances its appeal. With 92 parking spaces and an asking price of $2,982,000 ($137.50 per square foot), this property offers significant potential for rental income, estimated at approximately $2,000 per unit per month. Showings are available by appointment. The property's APN is X-W-2-A. This is a prime opportunity for an investor seeking a high-return property in a desirable location.

Highlights

  • $2,982,000 asking price for a 24-unit apartment building.
  • 36,000 total square feet, with 1,500 net rentable square feet per unit.
  • $137.50 price per square foot.
  • Located at 7272 Burbank Dr, Baton Rouge, LA 70820, on a 1.4-acre lot.
  • Features 92 parking spaces and APN X-W-2-A.

Property Details for 7272 Burbank Dr

Property type
Apartment buildings
Square Feet
36,000 SF
Lot Size (sq. ft)
60,984 SF
Units
24

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.377423536084
Longitude
-91.14353000912
7272 Burbank Dr, Baton Rouge, Louisiana

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7272 Burbank Dr
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