Current Use by Public Records
- Espinal Company / Landscaping / Garden Center
Property Details for 985 Monet Dr
- Property type
- Apartment buildings
Description
This exceptional 20-unit apartment building presents a compelling value-add opportunity in Baton Rouge, Louisiana. Located at 985 Monet Dr, 70806, this two-story property boasts 17,475 square feet and is situated off Florida Boulevard, conveniently near the Bon Carré Technology Park. The property comprises two buildings sharing a common parking lot and includes a laundry facility for tenant convenience. Currently priced at $1,300,000 ($74.39/sq ft), this asset offers significant potential for increased profitability. The surrounding area is predominantly multifamily, indicating strong market demand. The property is located in Flood Zone X. This investment is ideal for those seeking to capitalize on rental increases after leasing up vacancies and implementing minor renovations. The property's strategic location and value-add potential make it an attractive investment prospect in a thriving Baton Rouge neighborhood. This is a rare opportunity to acquire a well-positioned multifamily property with immediate upside potential. The property's existing infrastructure and strong location provide a solid foundation for future growth and returns.
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
