For Sale
$1,100,000

644 Donmoor Ave Baton Rouge, LA 70806

18-Unit Renovated Apartment Complex

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully renovated, 18-unit multifamily property situated on a 0.75-acre lot in Baton Rouge, Louisiana. The property consists of two adjacent, two-story buildings, each containing nine units, currently boasting 83.33% occupancy. Recent renovations have stabilized the income stream, presenting a strong return on investment. The property is zoned A4 – General Residential and features convenient access to major thoroughfares, including proximity to the new 3,500,000 square foot Amazon Fulfillment Center, expected to employ over 3,500 people. This prime location also benefits from its close proximity to Baton Rouge Community College and Downtown Baton Rouge, enhancing tenant appeal. The surrounding area is experiencing significant growth, with the addition of national brands such as Starbucks, Cane's, and Aldi. The property's strategic positioning offers potential for future development, given the inclusion of a vacant lot next door. This presents an opportunity for increased rental income and expense reduction. The asking price for this stabilized investment is $1,100,000. The property's APN numbers are 837830, 629464, and 837822. The address is 644, 662 N Donmoor Ave, Baton Rouge, LA 70806.

Highlights

  • Recently renovated, 18-unit multifamily property in Baton Rouge, LA with 83.33% occupancy.
  • Adjacent vacant lot offers potential for future development and expansion.
  • Significant upside potential through rent increases and expense reduction.
  • Excellent location near major thoroughfares, Amazon Fulfillment Center, Baton Rouge Community College, and Downtown Baton Rouge.

Property Details for 644 Donmoor Ave

Property type
Apartment buildings
Buildings
2
Stories
2
Lot Size (sq. ft)
32,670 SF
Units
18

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.455552649565
Longitude
-91.118539593666

FAQs

What type of property is this?
Apartment building - 18-Unit Renovated Apartment Complex
Where is the apartment building located?
The property is located at 644 Donmoor Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Recently renovated, 18-unit multifamily property in Baton Rouge, LA with 83.33% occupancy.; Adjacent vacant lot offers potential for future development and expansion.; Significant upside potential through rent increases and expense reduction.
How can I contact the broker?
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644 Donmoor Ave
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