Current Use by Public Records
- Espinal Company / Landscaping / Garden Center
Property Details for 985 Monet Dr
- Year built
- 1970
- Property type
- Apartment buildings
Description
This exceptional 20-unit apartment building presents a compelling value-add opportunity in Baton Rouge, Louisiana. Constructed in 1970, the property boasts a 95% occupancy rate, demonstrating strong tenant demand. Located at 985 Monet Dr, Baton Rouge, LA 70806, in the desirable Lobdell-Woodale neighborhood, this multifamily investment benefits from its proximity to Louisiana State University (LSU). This advantageous location ensures consistent tenant interest and potential for rental growth. The property's vintage condition offers significant upside potential through a targeted renovation program, both internally and externally, allowing for increased rental income and property value. The building's current performance, combined with the potential for enhancement, makes this a highly attractive investment prospect in a thriving submarket. This is a rare chance to acquire a well-situated apartment complex with immediate income and substantial long-term growth potential. The property is situated in East Baton Rouge Parish and offers investors a chance to capitalize on the strong rental market near LSU. The existing value-add opportunities present a clear path to increase profitability and return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1178
- Latitude
- 30.459
