For Sale
$2,900,000

12020 Florida Blvd Baton Rouge, LA 70815

80-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 80-unit apartment complex, Summer Grove Apartments, presents a compelling investment opportunity in Baton Rouge, Louisiana. The property boasts a total of 56,303 square feet, encompassing two two-story buildings situated on Florida Blvd. Recent renovations have enhanced both the exterior and numerous interior units. The unit mix includes sixteen one-bedroom/one-bathroom units and sixty-four two-bedroom/one-bathroom units. Residents enjoy convenient access to shared parking and attractive interior courtyards, with all units featuring rear porches or balconies. An additional ±900 square foot administration/utility building is also included. The property's prime location on Florida Blvd, a major thoroughfare, ensures high visibility and easy access to local amenities, including restaurants, grocers, and retail options. Its proximity to Interstate 12 and Amazon's new regional fulfillment center further enhances its appeal. Built in 1979, this well-maintained property offers a strong foundation for continued success and significant return on investment. Tenants utilize stairs to access second-floor units. The property is located at 12020 Florida Blvd, Baton Rouge, LA 70815. The asking price is $2,900,000.

Highlights

  • Recently renovated exterior.
  • Numerous units feature recent renovations and upgrades.
  • Property includes sixteen (16) one-bedroom, one-bathroom units.
  • Property comprises sixty-four (64) two-bedroom, one-bathroom units.

Property Details for 12020 Florida Blvd

Property type
Apartment buildings
Square Feet
56,303 SF
Year Built
1979
Buildings
2
Stories
2
Units
80

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4591056
Longitude
-91.0494862

FAQs

What type of property is this?
Apartment building - 80-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 12020 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Recently renovated exterior.; Numerous units feature recent renovations and upgrades.; Property includes sixteen (16) one-bedroom, one-bathroom units.
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.
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12020 Florida Blvd
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