985 Monet DrBaton Rouge, LA 70806
- Apartment buildings
- 17,475 SF
Property Details for 985 Monet Dr
- Lot size
- 0.57 AC
- Property size (Sq ft)
- 17,475 SF
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Latitude
- 30.4591
- Longitude
- -91.1174
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].