For Sale
$1,300,000

985 Monet DrBaton Rouge, LA 70806

20-Unit Apartment Complex, 90% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 20-unit multifamily apartment complex ideally situated in Baton Rouge, Louisiana, at 985 Monet Dr, zip code 70806. The property boasts a total of 17,475 square feet across two, two-story buildings situated on a 0.57-acre lot (APN: 779407, 779415). Currently enjoying a 90% occupancy rate, this asset offers immediate cash flow with significant upside potential. The property features a convenient shared parking lot and an on-site laundry facility for resident convenience. Zoned A4 – General Residential, the property benefits from its location just off Florida Boulevard, near the Bon Carré Technology Park, an area characterized by a high concentration of similar multifamily developments. The property is located in Flood Zone X. The existing rent structure presents an opportunity for future rent increases following the leasing of vacant units and the implementation of minor property updates. This well-maintained property represents a compelling investment opportunity in a thriving Baton Rouge neighborhood. The property consists of 20 units spread across two buildings.

Highlights

  • 90% Occupancy Rate
  • Excellent location off Florida Blvd, near Bon Carré Technology Park
  • Situated in Flood Zone X
  • Surrounding area features a high concentration of multifamily developments

Property Details for 985 Monet Dr

Property type
Apartment buildings
Square Feet
17,475 SF
Buildings
2
Stories
2
Lot Size (sq. ft)
24,829 SF
Units
20

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.45913323185
Longitude
-91.117441632817
985 Monet Dr, Baton Rouge, Louisiana

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985 Monet Dr
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