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1305 Laurel St Baton Rouge, LA 70802

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For Sale
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11-Unit Portfolio, 8% Cap Rate

Property size:
15,555 SF

Property Features for 1305 Laurel St

General Information

Property type
Multifamily properties
Square Feet
15,555 SF
Class
C

Building Details

Buildings
11
Units
11

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Listing Contact
William Adams
William Adams

Listing Agency: Beau Box Commercial Real Estate Listing Agent: William Adams

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents an 11-unit single-family rental portfolio located in Baton Rouge, Louisiana. The portfolio comprises eleven buildings, totaling 15,555 square feet, and currently boasts 100% occupancy. The properties are a mix of single-family homes and one owner-occupied office space, offering immediate cash flow. The asking price is $800,000, translating to a compelling price per square foot of $51.43 and a price per unit of $72,727.27. The portfolio's strong performance is reflected in its pro-forma net operating income (NOI) of $64,230, yielding an attractive pro-forma cap rate of 8.03%. The properties are fee simple ownership and are located across various addresses in Baton Rouge, primarily within East Baton Rouge Parish, with zip codes 70802, 70805, and 70811. Individual unit details vary, with some featuring updated central heating and air conditioning. Several units benefit from rental income subsidies. The portfolio's location offers potential advantages, with some properties situated in Opportunity Zones. Tenants are responsible for yard maintenance. The seller is open to considering offers for individual property sales. This portfolio represents a rare opportunity to acquire a stabilized, high-occupancy rental investment in a desirable location. Financial details are available upon request.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

Location Insight

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City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Longitude
-91.176019948479
Latitude
30.450759316525

FAQs

What type of property is this?
Multifamily property - 11-Unit Portfolio, 8% Cap Rate
Where is this multifamily property located?
The property is located at 1305 Laurel St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: High historical occupancy rates.; Located in a Qualified Opportunity Zone.; Select units benefit from rental income subsidies.
(225) 237-3343 Call to check price and availability
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