985 Monet Dr Baton Rouge, LA 70806
- Apartment buildings
- 17,475 SF
- 0.57 lot acres
Current Use by Public Records
- Espinal Company / Gardener
Property Details for 985 Monet Dr
- Lot size
- 0.57 lot acres
- Property size
- 17,475 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 20-unit multifamily apartment complex ideally situated in Baton Rouge, Louisiana, at 985 Monet Dr, zip code 70806. The property boasts a total of 17,475 square feet across two, two-story buildings situated on a 0.57-acre lot (APN: 779407, 779415). Currently enjoying a 90% occupancy rate, this asset offers immediate cash flow with significant upside potential. The property features a convenient shared parking lot and an on-site laundry facility for resident convenience. Zoned A4 – General Residential, the property benefits from its location just off Florida Boulevard, near the Bon Carré Technology Park, an area characterized by a high concentration of similar multifamily developments. The property is located in Flood Zone X. The existing rent structure presents an opportunity for future rent increases following the leasing of vacant units and the implementation of minor property updates. This well-maintained property represents a compelling investment opportunity in a thriving Baton Rouge neighborhood. The property consists of 20 units spread across two buildings.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1174
- Latitude
- 30.4591
