0 Marque Ann DrBaton Rouge, LA 70815

Property Details for 0 Marque Ann Dr

Lot size

26.67 AC

Property size (Sq ft)

597,356 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity comprises a 674-unit apartment portfolio in Baton Rouge, Louisiana, encompassing four distinct properties: Cherry Creek (330 units, 13.55 acres, built 1976), Pine Square (183 units, 7.14 acres, built 1972), Olive Square (86 units, 3.26 acres, built 1976), and The Palms (75 units, 2.72 acres, built 1970). The portfolio totals 597,356 square feet on 26.67 acres and offers a compelling mix of established income streams and significant value-add potential. Cherry Creek, a substantial property, presents a prime opportunity for modernization and renovation, while Pine Square, with its existing amenities (laundry facility and leasing office), benefits from cosmetic upgrades. Olive Square provides unique expansion potential due to available land for new construction, increasing unit count and overall value. The Palms, conveniently located near Airline Highway, offers strong occupancy and visibility. Each property can be purchased individually or as a complete package. The asking price is $23,590,000, representing $35,000 per unit and $39.49 per square foot. This portfolio presents a diversified investment strategy with opportunities for substantial returns through various value-enhancement approaches. The properties offer a blend of immediate income generation and long-term growth prospects within Baton Rouge's dynamic rental market. The properties are located at N Marque Ann Dr, Baton Rouge, LA 70815.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4671

Longitude

-91.0429

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