985 Monet DrBaton Rouge, LA 70806

Property Details for 985 Monet Dr

Property size (Sq ft)

17,475 SF

Property type

Apartment buildings

Description

This exceptional 20-unit apartment building presents a compelling value-add opportunity in Baton Rouge, Louisiana. Located at 985 Monet Dr, 70806, this two-story property boasts 17,475 square feet and is situated off Florida Boulevard, conveniently near the Bon Carré Technology Park. The property comprises two buildings sharing a common parking lot and includes a laundry facility for tenant convenience. Currently priced at $1,300,000 ($74.39/sq ft), this asset offers significant potential for increased profitability. The surrounding area is predominantly multifamily, indicating strong market demand. The property is located in Flood Zone X. This investment is ideal for those seeking to capitalize on rental increases after leasing up vacancies and implementing minor renovations. The property's strategic location and value-add potential make it an attractive investment prospect in a thriving Baton Rouge neighborhood. This is a rare opportunity to acquire a well-positioned multifamily property with immediate upside potential. The property's existing infrastructure and strong location provide a solid foundation for future growth and returns.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.459

Longitude

-91.1178

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