11620 Airline Hwy - Apartments FOR SALE
Baton Rouge, LA 70816 |
11620 Airline Hwy
Baton Rouge, LA 70816
HIGHLIGHTS
- Strong N O I - T’3 Annualized NOI at $610,000 and Hybrid NOI at $617,000.
- Average Monthly Rents - $1,019/month and average rents PSF at $1.06/sf.
- Great Location - Situated on Airline Hwy., Devonshire Apartment benefits from easy access to major highways including Siegen, I-10 and I-12
- Strong Occupancy Rate - Currently at strong occupancy levels (averaging 94% over the last 18 months)
- Diverse Unit Mix - This property offers a variety of unit types (976 SF average unit size)
- Asking Price is an 8% Cap Rate based off the True T'12 NOI of $560,000
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Devonshire Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
97560
STORIES
2
YEAR BUILT
1974
PARKING SPACES
186
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
02055074
