1710 Marque Ann Dr Baton Rouge, LA 70815
- Apartment buildings
- 303,832 SF
- 13.55 lot acres
Current Use by Public Records
- La Belle Aire Apartments / Apartment Building / Apartments
- Cherry Creek Apartments / Apartment Building / Apartment Complex
- Centurion Arms Apartments / Apartment Building / Apartments
Property Details for 1710 Marque Ann Dr
- Lot size
- 13.55 lot acres
- Property size
- 303,832 SF
- Property type
- Apartment buildings
Description
This exceptional 330-unit apartment complex, situated on 13.55 acres at 1710 N Marque Ann Dr, Baton Rouge, LA 70815, presents a compelling value-add investment opportunity. Built in 1976, the property comprises 34 buildings encompassing a substantial 303,832 square feet of gross and net rentable area. The asking price is $10,750,000, translating to $32,576 per unit and $35.38 per square foot. The property offers a significant number of units requiring renovation, presenting a chance for investors to enhance value through strategic upgrades. This large-scale property allows for phased renovations, maintaining occupancy in other buildings while maximizing returns. The established community atmosphere of Cherry Creek Apartments, combined with its considerable size and potential for modernization, makes it an attractive prospect for investors seeking to make a significant impact in the Baton Rouge market. The property's location in East Baton Rouge Parish provides access to key amenities and infrastructure. This is a rare opportunity to acquire a substantial multifamily asset with significant upside potential. The property's scale and existing infrastructure provide a solid foundation for future growth and profitability.
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
- -91.0427
- Latitude
- 30.4686
