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985 Monet Dr Baton Rouge, LA 70806

20-Unit Apartment Building, 95% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 20-unit apartment building presents a compelling value-add opportunity in Baton Rouge, Louisiana. Constructed in 1970, the property boasts a 95% occupancy rate, demonstrating strong tenant demand. Located at 985 Monet Dr, Baton Rouge, LA 70806, in the desirable Lobdell-Woodale neighborhood, this multifamily investment benefits from its proximity to Louisiana State University (LSU). This advantageous location ensures consistent tenant interest and potential for rental growth. The property's vintage condition offers significant upside potential through a targeted renovation program, both internally and externally, allowing for increased rental income and property value. The building's current performance, combined with the potential for enhancement, makes this a highly attractive investment prospect in a thriving submarket. This is a rare chance to acquire a well-situated apartment complex with immediate income and substantial long-term growth potential. The property is situated in East Baton Rouge Parish and offers investors a chance to capitalize on the strong rental market near LSU. The existing value-add opportunities present a clear path to increase profitability and return on investment.

Highlights

  • Value-Add Potential
  • Significant Upside Potential via Renovations
  • LSU Proximity
  • Prime Lobdell-Woodale Location

Property Details for 985 Monet Dr

Property type
Apartment buildings
Year Built
1970
Units
20

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4590163
Longitude
-91.1177779

FAQs

What type of property is this?
Apartment building - 20-Unit Apartment Building, 95% Occupancy
Where is the apartment building located?
The property is located at 985 Monet Dr Baton Rouge, LA.
What are key features of this property?
This property features: Value-Add Potential; Significant Upside Potential via Renovations; LSU Proximity
How can I contact the broker?
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985 Monet Dr
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