5665 McClelland Dr - Apartments FOR SALE
Baton Rouge, LA 70805 |
5665 McClelland Dr
Baton Rouge, LA 70805
HIGHLIGHTS
- Prime 75-unit apartment property comprising six buildings with an on-site laundry facility and an attractive courtyard over 2.72 acres in Baton Rouge.
- Incredibly located only 12 minutes from downtown, close to popular amenities such as Walmart, Aldi, Dollar General, McDonald’s, and more.
- Sought-after value-add opportunity nearing stabilization with premium upside through lease-ups at lucrative multifamily submarket rental rates.
- Beneficially encircled by a dense population with an annual spending power of nearly $1.2 billion and a daytime employment of over 101,000 employees.
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
REO Sale | The Palms Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
55737
STORIES
2
YEAR BUILT
1970
PARKING SPACES
100
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
00413623
