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Property profile & analytics
OFF-MARKET
Apartment buildings

12020 Florida Blvd Baton Rouge, LA 70815

56,303 SF Built 1979
Property ID
Property summary
AI-generated overview

This exceptional 80-unit apartment complex, Summer Grove Apartments, presents a compelling investment opportunity in Baton Rouge, Louisiana. The property boasts a total of 56,303 square feet, encompassing two two-story buildings situated on Florida Blvd. Recent renovations have enhanced both the exterior and numerous interior units. The unit mix includes sixteen one-bedroom/one-bathroom units and sixty-four two-bedroom/one-bathroom units. Residents enjoy convenient access to shared parking and attractive interior courtyards, with all units featuring rear porches or balconies. An additional ±900 square foot administration/utility building is also included. The property's prime location on Florida Blvd, a major thoroughfare, ensures high visibility and easy access to local amenities, including restaurants, grocers, and retail options. Its proximity to Interstate 12 and Amazon's new regional fulfillment center further enhances its appeal. Built in 1979, this well-maintained property offers a strong foundation for continued success and significant return on investment. Tenants utilize stairs to access second-floor units. The property is located at 12020 Florida Blvd, Baton Rouge, LA 70815. The asking price is $2,900,000.

Property profile
Verified
Property type Apartment buildings
Year built 1979
Total area 56,303 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Summer Grove Condominums Apartment Building Condominium Complex
  • belaire high school High School
  • Happy Hornes Employment Agency
Value estimations
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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