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644 Monet Dr Baton Rouge, LA 70806

Sponsored
For Sale
$1,900,000

Baton Rouge multifamily investment opportunity.

Description

Added:
Dec 11, 2024
Days on Market:
391
Clover Place, located at 644 Monet Dr, Baton Rouge, LA 70806, presents a compelling investment opportunity in the thriving Baton Rouge market. This 24-unit apartment building, constructed in 1984, is offered at an asking price of $1,900,000. The property boasts convenient access, situated less than 15 minutes from downtown Baton Rouge and Louisiana State University (LSU), ensuring high occupancy potential. Each unit includes washer/dryer connections, a significant amenity for renters. Recent renovations have upgraded the electrical system with the installation of copper wiring, enhancing the property's value and reducing maintenance concerns. The property's strong location, coupled with the recent improvements and the inherent demand for rental units in the area, makes Clover Place an attractive investment for those seeking a stable and potentially high-yielding multifamily asset. The building's 24 units provide a substantial rental income stream, and its proximity to LSU and the city center ensures a consistent flow of potential tenants. This is a turnkey opportunity to acquire a well-maintained apartment building in a desirable location with significant upside potential. The property's solid foundation and recent upgrades position it for continued success and long-term growth. Detailed financial information and further property specifics are available upon request.

Property Features for 644 Monet Dr

General Information

Property type
Multifamily properties

Building Details

Year Built
1984
Units
24

HighLights

  • $1,900,000 asking price for this 24‑unit apartment building.
  • Multifamily property located in Baton Rouge, LA.
  • Built in 1984.
  • Less than 15 minutes from downtown Baton Rouge and LSU.
  • Units feature washer/dryer connections.
  • Recent renovations include updated copper wiring.
Property Profile Location Intelligence

Current Use by Public Records

capstoneram Contractor Clover Place Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Longitude
-91.1170471
Latitude
30.4556214

FAQs

What type of property is this?
Multifamily property - Baton Rouge multifamily investment opportunity.
Where is this multifamily property located?
The property is located at 644 Monet Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: $1,900,000 asking price for this 24-unit apartment building.; Multifamily property located in Baton Rouge, LA.; Built in 1984.
More about this property
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