1116 Chimes StBaton Rouge, LA 70802

Property Details for 1116 Chimes St

Property size (Sq ft)

1 SF

Property type

Apartment buildings

Description

This exceptional 32-unit apartment building in Baton Rouge, Louisiana, presents a compelling investment opportunity. Located just outside the LSU campus, this property benefits from a substantial student and staff population of approximately 42,414. Currently boasting 62.5% occupancy, the property offers significant value-add potential through renovations and amenity upgrades. Recent improvements include a new TPO roof (2018), major interior renovations to four units, and minor renovations to another four units. Dedicated off-street parking is provided for tenants. The convenient location, approximately four minutes from I-10, ensures easy accessibility for both residents and property management. This property is also available for purchase as part of a larger package deal, encompassing two neighboring properties with an additional 24 units. Financial details, including rent roll, income, and expense information, are available upon request. This is a rare chance to acquire a well-situated multifamily property with substantial upside potential in a thriving Louisiana market. The property's address is 1116 W Chimes St, Baton Rouge, LA 70802.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4194

Longitude

-91.1902

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