For Sale
$7,000,000

2888 Dougherty DrBaton Rouge, LA 70805

183-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 183-unit apartment complex, situated on a 7.14-acre lot in Baton Rouge, Louisiana, presents a compelling investment opportunity. Priced at $7,000,000 ($38,251 per unit and $47.73 per square foot), this property boasts a substantial 146,670 square feet of gross building area and 122,225 square feet of net rentable area. Constructed in 1972, the complex comprises 13 buildings and offers a range of desirable features, including a fully fenced and gated perimeter for enhanced security and peace of mind. On-site amenities cater to residents' needs, with a convenient laundry facility and a dedicated leasing office. Located in the thriving Mid City North area, the property benefits from easy access to local amenities and employment centers, ensuring high occupancy rates and strong rental demand. The property's significant size and value-add potential, particularly through cosmetic upgrades, make it an attractive prospect for investors seeking substantial returns. The address is 2888 Dougherty Dr, Baton Rouge, LA 70805. This is a fully operational multifamily property with significant upside potential. The property's strategic location and existing infrastructure provide a solid foundation for future growth and profitability. The substantial size of the property, coupled with the potential for value-add improvements, presents a unique opportunity for investors to capitalize on the strong rental market in Baton Rouge.

Highlights

  • $7,000,000 asking price for a 183-unit apartment building.
  • 146,670 square feet, multifamily property in Baton Rouge, LA.
  • 7.14-acre lot with a price per square foot of $47.73 and a price per unit of $38,251.37.
  • Located at 2888 Dougherty Dr, Baton Rouge, LA 70805.

Property Details for 2888 Dougherty Dr

Property type
Apartment buildings
Square Feet
146,670 SF
Lot Size (sq. ft)
311,018 SF
Units
183

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4748913
Longitude
-91.1340465
2888 Dougherty Dr, Baton Rouge, Louisiana

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2888 Dougherty Dr
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