4708 Tigerland AveBaton Rouge, LA 70820

Property Details for 4708 Tigerland Ave

Property size (Sq ft)

7,000 SF

Property type

Apartment buildings

Description

This exceptional 14-unit apartment building, located at 4708 Tigerland Ave in Baton Rouge, Louisiana, presents a compelling value-add investment opportunity. Priced at $650,000, the property boasts a total square footage ranging from 7,000 to 9,000 square feet and is situated on a two-story structure. Currently, the occupancy rate stands at 36%, offering significant potential for increased revenue through renovations and lease-up. The property's projected net operating income (NOI) is $95,000, indicating strong potential for return on investment. This multifamily property is situated in a prime location in East Baton Rouge Parish, zip code 70820, offering convenient access to local amenities and LSU. The property's current condition presents an opportunity for a hands-on investor to increase profitability through targeted improvements and strategic tenant acquisition. The existing five occupied units generate immediate cash flow, while the remaining vacant units provide a platform for value enhancement. This is an ideal opportunity for an investor seeking to capitalize on the strong Baton Rouge rental market and create a significant return on their investment. The property is offered with a broker co-op agreement.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.393

Longitude

-91.1834

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