1710 Marque Ann DrBaton Rouge, LA 70815

Property Details for 1710 Marque Ann Dr

Lot size

13.55 AC

Property size (Sq ft)

303,832 SF

Property type

Apartment buildings

Description

This exceptional 330-unit apartment complex, situated on 13.55 acres at 1710 N Marque Ann Dr, Baton Rouge, LA 70815, presents a compelling value-add investment opportunity. Built in 1976, the property comprises 34 buildings encompassing a substantial 303,832 square feet of gross and net rentable area. The asking price is $10,750,000, translating to $32,576 per unit and $35.38 per square foot. The property offers a significant number of units requiring renovation, presenting a chance for investors to enhance value through strategic upgrades. This large-scale property allows for phased renovations, maintaining occupancy in other buildings while maximizing returns. The established community atmosphere of Cherry Creek Apartments, combined with its considerable size and potential for modernization, makes it an attractive prospect for investors seeking to make a significant impact in the Baton Rouge market. The property's location in East Baton Rouge Parish provides access to key amenities and infrastructure. This is a rare opportunity to acquire a substantial multifamily asset with significant upside potential. The property's scale and existing infrastructure provide a solid foundation for future growth and profitability.

Location Insight

City

Baton Rouge

County

East Baton Rouge Parish

State

Louisiana

Latitude

30.4686

Longitude

-91.0427

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