8220 Ned Ave Baton Rouge, LA 70820

This exceptional investment opportunity presents a portfolio of twelve apartment units situated across three well-maintained buildings in Baton Rouge, Louisiana. Located within a half-mile radius, these properties offer convenience and management efficiency. The portfolio comprises three two-story buildings, totaling 11,080 square feet, built in the 1980s and currently operating at 92% occupancy (as of August 28, 2024). Each of the twelve units features two bedrooms and two bathrooms, complete with washer/dryer connections and ceramic tile flooring. Recent upgrades include roof replacements (February-May 2024), with warranties on two of the three buildings. All units are individually metered for utilities (tenants responsible except for trash), and the property is located in a flood zone X area, having avoided flooding during the August 2016 event. The current asking price is $925,000, translating to $77,083 per unit and $83.48 per square foot. Projected rents are $875 per month, representing a strong potential for future income growth. The property is currently professionally managed, and the buildings are zoned for multifamily use (MF). This stabilized investment offers a compelling opportunity for both seasoned and first-time multifamily investors. The properties are located at 8220 and 8226 Ned Ave, and 8251 Skysail Ave, Baton Rouge, LA 70820. The buildings are currently equipped with individual dumpsters, presenting a potential revenue stream for the new owner through trash service reimbursements.