4807 Kennesaw DrBaton Rouge, LA 70817
- Residential income properties
Property Details for 4807 Kennesaw Dr
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional multifamily investment opportunity comprises a portfolio of five apartment buildings totaling 27 units in Baton Rouge, Louisiana. The portfolio is strategically located in the quiet Shenandoah neighborhood, offering convenient access to major thoroughfares like I-10 and I-12 (approximately 8 and 15 minutes respectively). The properties boast a strong 89% occupancy rate, presenting immediate cash flow potential. The unit mix includes a variety of configurations: four 3-bedroom/2-bathroom units, four 2-bedroom/2.5-bathroom units, seven 2-bedroom/1.5-bathroom units, and eight 2-bedroom/1.5-bathroom units. Each property features ample on-site parking. The portfolio's prime location also benefits from proximity to the Perkins Road medical corridor (approximately 12 minutes away), offering significant potential for attracting high-demand tenants. The properties are situated within a 16-minute radius of each other, simplifying management and maintenance. The asking price is $2,200,000, representing a price per unit of $81,481.48. The portfolio is zoned R and C2. Parcel numbers include 118184, 118222, 118281, 30827002, and 30827008. Detailed financial information, including rent rolls and operating statements, is available upon request.
Location Insight
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Latitude
- 30.4068
- Longitude
- -91.0029
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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