For Sale
$2,200,000

4807 Kennesaw DrBaton Rouge, LA 70817

27 Units, 89% Occupancy, $2.2M

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional multifamily investment opportunity comprises a portfolio of five apartment buildings totaling 27 units in Baton Rouge, Louisiana. The portfolio is strategically located in the quiet Shenandoah neighborhood, offering convenient access to major thoroughfares like I-10 and I-12 (approximately 8 and 15 minutes respectively). The properties boast a strong 89% occupancy rate, presenting immediate cash flow potential. The unit mix includes a variety of configurations: four 3-bedroom/2-bathroom units, four 2-bedroom/2.5-bathroom units, seven 2-bedroom/1.5-bathroom units, and eight 2-bedroom/1.5-bathroom units. Each property features ample on-site parking. The portfolio's prime location also benefits from proximity to the Perkins Road medical corridor (approximately 12 minutes away), offering significant potential for attracting high-demand tenants. The properties are situated within a 16-minute radius of each other, simplifying management and maintenance. The asking price is $2,200,000, representing a price per unit of $81,481.48. The portfolio is zoned R and C2. Parcel numbers include 118184, 118222, 118281, 30827002, and 30827008. Detailed financial information, including rent rolls and operating statements, is available upon request.

Highlights

  • 89% Occupancy Rate.
  • 27-Unit Portfolio Across 5 Properties.
  • Abundant On-Site Parking at Each Location.
  • Properties Located Within a 16-Minute Radius of Each Other.

Property Details for 4807 Kennesaw Dr

Property type
Apartment buildings
Buildings
5
Stories
2
Units
27

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.40682558
Longitude
-91.00292231
4807 Kennesaw Dr, Baton Rouge, Louisiana

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4807 Kennesaw Dr
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