For Sale
$10,750,000

1710 Marque Ann DrBaton Rouge, LA 70815

330-unit apartment complex, value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 330-unit apartment complex, situated on 13.55 acres at 1710 N Marque Ann Dr, Baton Rouge, LA 70815, presents a compelling value-add investment opportunity. Built in 1976, the property comprises 34 buildings encompassing a substantial 303,832 square feet of gross and net rentable area. The asking price is $10,750,000, translating to $32,576 per unit and $35.38 per square foot. The property offers a significant number of units requiring renovation, presenting a chance for investors to enhance value through strategic upgrades. This large-scale property allows for phased renovations, maintaining occupancy in other buildings while maximizing returns. The established community atmosphere of Cherry Creek Apartments, combined with its considerable size and potential for modernization, makes it an attractive prospect for investors seeking to make a significant impact in the Baton Rouge market. The property's location in East Baton Rouge Parish provides access to key amenities and infrastructure. This is a rare opportunity to acquire a substantial multifamily asset with significant upside potential. The property's scale and existing infrastructure provide a solid foundation for future growth and profitability.

Highlights

  • 330-unit apartment complex on 13.55 acres in Baton Rouge, LA.
  • 303,832 square feet of rentable area across 34 buildings.
  • Asking price: $10,750,000 ($32,576/unit, $35.38/SF).
  • Significant value-add opportunity through unit renovations.
  • Phased renovation allows for maximized returns while maintaining occupancy.
  • Located in East Baton Rouge Parish with access to key amenities.

Property Details for 1710 Marque Ann Dr

Property type
Apartment buildings
Square Feet
303,832 SF
Lot Size (sq. ft)
590,238 SF
Units
330

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4685635
Longitude
-91.0427169
1710 Marque Ann Dr, Baton Rouge, Louisiana

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1710 Marque Ann Dr
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