1116 Chimes St Baton Rouge, LA 70802
- Apartment buildings
- 1 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1116 Chimes St
- Property size
- 1 SF
- Property type
- Apartment buildings
Description
This exceptional 32-unit apartment building in Baton Rouge, Louisiana, presents a compelling investment opportunity. Located just outside the LSU campus, this property benefits from a substantial student and staff population of approximately 42,414. Currently boasting 62.5% occupancy, the property offers significant value-add potential through renovations and amenity upgrades. Recent improvements include a new TPO roof (2018), major interior renovations to four units, and minor renovations to another four units. Dedicated off-street parking is provided for tenants. The convenient location, approximately four minutes from I-10, ensures easy accessibility for both residents and property management. This property is also available for purchase as part of a larger package deal, encompassing two neighboring properties with an additional 24 units. Financial details, including rent roll, income, and expense information, are available upon request. This is a rare chance to acquire a well-situated multifamily property with substantial upside potential in a thriving Louisiana market. The property's address is 1116 W Chimes St, Baton Rouge, LA 70802.
Value Estimation
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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
- -91.1902
- Latitude
- 30.4194
