For Sale
$1,900,000

644 Monet DrBaton Rouge, LA 70806

Baton Rouge multifamily investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
Clover Place, located at 644 Monet Dr, Baton Rouge, LA 70806, presents a compelling investment opportunity in the thriving Baton Rouge market. This 24-unit apartment building, constructed in 1984, is offered at an asking price of $1,900,000. The property boasts convenient access, situated less than 15 minutes from downtown Baton Rouge and Louisiana State University (LSU), ensuring high occupancy potential. Each unit includes washer/dryer connections, a significant amenity for renters. Recent renovations have upgraded the electrical system with the installation of copper wiring, enhancing the property's value and reducing maintenance concerns. The property's strong location, coupled with the recent improvements and the inherent demand for rental units in the area, makes Clover Place an attractive investment for those seeking a stable and potentially high-yielding multifamily asset. The building's 24 units provide a substantial rental income stream, and its proximity to LSU and the city center ensures a consistent flow of potential tenants. This is a turnkey opportunity to acquire a well-maintained apartment building in a desirable location with significant upside potential. The property's solid foundation and recent upgrades position it for continued success and long-term growth. Detailed financial information and further property specifics are available upon request.

Highlights

  • $1,900,000 asking price for this 24-unit apartment building.
  • Multifamily property located in Baton Rouge, LA.
  • Built in 1984.
  • Less than 15 minutes from downtown Baton Rouge and LSU.
  • Units feature washer/dryer connections.
  • Recent renovations include updated copper wiring.

Property Details for 644 Monet Dr

Property type
Apartment buildings
Year Built
1984
Units
24

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4556214
Longitude
-91.1170471
644 Monet Dr, Baton Rouge, Louisiana

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644 Monet Dr
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