For Sale
$2,100,000

3250 Carlotta StBaton Rouge, LA 70802

14 Units, 6% Cap Rate, Baton Rouge

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a portfolio of two multifamily properties totaling 14 units, ideally situated in Baton Rouge's Northgate area, near LSU's campus. The portfolio comprises three buildings, each two stories high, offering a mix of 8-plex and 6-plex configurations at 3250 and 3270 Carlotta Street, respectively. Currently boasting 100% occupancy with annual leases, this Class B property presents a strong cash flow with a 6.00% cap rate and an asking price of $2,100,000, or $145,000 per unit. The properties are zoned A3 and feature a convenient location close to historic restaurants and attractions, ensuring high demand and consistent rental income. The portfolio's strong performance and prime location make it an attractive investment for those seeking a stable and profitable venture in the thriving Baton Rouge student housing market. The property's APN is 008-1223-4. This is a turnkey operation ready for immediate income generation.

Highlights

  • $2,100,000 asking price for a 14-unit multifamily portfolio.
  • Class B student housing property with a 6.00% cap rate.
  • 100% occupancy across 14 units in three buildings.
  • Two-story buildings situated on 3250 and 3270 Carlotta St, Baton Rouge, LA 70802.
  • $145,000 per unit price.

Property Details for 3250 Carlotta St

Property type
Dormitories, Student housing
Class
B
Buildings
3
Stories
2
Units
14

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4186857
Longitude
-91.1729212
3250 Carlotta St, Baton Rouge, Louisiana

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3250 Carlotta St
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