For Sale
$820,000

1212 Aster St Baton Rouge, LA 70802

32-Unit Apartment Complex, LSU Area

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 32-unit apartment complex strategically located in Baton Rouge, Louisiana, near the Louisiana State University (LSU) campus. The property consists of three buildings, totaling 32 units, offering significant value-add potential. A recent major renovation to one eight-unit building included the replacement of a sewer line, ensuring all units are now rent-ready and available for immediate leasing. The property boasts dedicated, off-street parking, a highly desirable amenity for tenants. Its proximity to LSU provides access to a substantial student and staff population of approximately 42,414, creating a strong rental demand. Conveniently located approximately four minutes from Interstate 10, the property offers easy accessibility for both tenants and property management. This property is also available for purchase as a package deal with two neighboring properties, adding an additional 16 units for a total of 32 units across all three properties. Detailed financial information, including rent rolls, income statements, and expense reports, is available upon request. This is a prime opportunity to acquire a well-situated multifamily property with substantial upside potential in a thriving market. The property is situated at 1212 Aster St, Baton Rouge, LA 70802. The asking price is $820,000.

Highlights

  • 32-unit apartment complex in Baton Rouge, LA with significant value-add potential.
  • Dedicated off-street parking.
  • Prime location near LSU campus, serving a student/staff population of approximately 42,414.
  • Available as a package deal with neighboring properties, totaling 48 units.

Property Details for 1212 Aster St

Property type
Apartment buildings
Square Feet
1 SF
Buildings
3
Units
32

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4199759
Longitude
-91.1898718

FAQs

What type of property is this?
Apartment building - 32-Unit Apartment Complex, LSU Area
Where is the apartment building located?
The property is located at 1212 Aster St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: 32-unit apartment complex in Baton Rouge, LA with significant value-add potential.; Dedicated off-street parking.; Prime location near LSU campus, serving a student/staff population of approximately 42,414.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1212 Aster St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message