4189 W Brookstown Dr - Apartments FOR SALE


Baton Rouge, LA 70805- Mid City Baton Rouge
$1,200,000 USD
225-753-3573
4189 W Brookstown Dr, Baton Rouge, LA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

4189 W Brookstown Dr
Baton Rouge, LA 70805
Mid City Baton Rouge


OVERVIEW

This apartment complex features 31 units. 25 units are (1) bedroom, (1) bathroom and 6 units are (2) bedroom, (1) bathroom. Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $115,240. The property has undergone significant renovations in the last 5 years and is equipped with a large off-street parking lot. Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10. This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$49 USD /SF

# OF UNITS

30

PRICE/UNIT

$40,000

CAP RATE

Request Cap Rate

% LEASED

48%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C1

APN/PARCEL ID

00308692,00308706

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.