CBRE Baton Rouge invites you to explore Devonshire Apartments of Louisiana, a 100- unit apartment community located at 11620 Airline Hwy, Baton Rouge, LA. This prime market-rate multifamily asset offers a diverse range of unit types, accommodating tenants’ needs from efficiencies to three-bedroom/two-bathroom apartments. Devonshire Apartments boasts an excellent location, adjacent to Siegen Lane and just minutes from Interstate 10 and Interstate 12. Property is located off Airline Highway, a major thoroughfare running north and south through Baton Rouge to Ascension Parish, providing convenient access to a variety of shopping, dining, employers and entertainment options throughout Baton Rouge. The property currently operates at strong occupancy levels, with average rents reflecting competitive market conditions. This well-maintained community features 37 renovated units completed in 2021, presenting significant upside potential for new owners through the opportunity to renovate more units and increase rental rates and enhance property value. This is a unique opportunity to invest in a well-located asset with immediate cash flow and substantial upside potential through value-add strategies.
Contact Agents for any additional information of questions.