214-493-3312
Ryder Drive Apartments
Baton Rouge, LA
Highlands/Perkins
HIGHLIGHTS
- Fully occupied 18-unit multifamily property with 100% occupancy and consistent rental income.
- Sixteen of eighteen units have been fully renovated with new flooring, countertops, appliances, paint, and fixtures.
- Each unit features washer and dryer connections, enhancing tenant convenience and retention.
- Current ownership covers water, sewer, and trash, with potential to increase NOI by billing back utilities and adjusting rents to market levels.
- Located in Baton Rouge, a major economic hub anchored by state government, LSU, healthcare systems, and petrochemical industries.
- Strong projected returns with a 7.7% cap rate and opportunity to achieve $178,304 in annual NOI through operational adjustments.
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214-493-3312
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214-493-3312
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