1835 Southpointe Dr - Apartments FOR SALE


Baton Rouge, LA 70808- Highlands/Perkins
$715,000 USD
225-753-3573
1835 Southpointe Dr, Baton Rouge, LA for Sale
$715,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1835 Southpointe Dr
Baton Rouge, LA 70808
Highlands/Perkins


OVERVIEW

1835 Southpointe Drive is a stabilized, income-producing multifamily asset located near the Baton Rouge Health Corridor. Currently yielding a Net Operating Income of $57,380 and a cap rate of 8.0%. The property comprises (8) 2-bedroom, 1.5-bath units, each designed with functional layouts and updated interiors. Strategically positioned within 2 minutes of the Perkins Road and Essen Lane intersection, the property sits just outside of Baton Rouge’s expanding health corridor, with excellent access to I-10 (4 mins) and I-12 (5 mins). This complex can be acquired individually or as part of a portfolio alongside 1701 Ryder Drive, a 7-unit asset just 500 ft away from the subject property.

FOR SALE DETAILS

PRICE

$715,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

8

PRICE/UNIT

$89,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Complex Near Baton Rouge Health Corridor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C2

APN/PARCEL ID

02839628

ASK ABOUT THIS PROPERTY

Mark SegallaJarreau Real EstateMore Info
225-753-3573

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Mark SegallaJarreau Real EstateMore Info
225-753-3573

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.