644 Monet Dr Baton Rouge, LA 70806
- Apartment buildings
Current Use by Public Records
- capstoneram / Contractor
- Clover Place Apartments / Leasing Service / Apartment Building
Property Details for 644 Monet Dr
- Year built
- 1984
- Property type
- Apartment buildings
Description
Clover Place, located at 644 Monet Dr, Baton Rouge, LA 70806, presents a compelling investment opportunity in the thriving Baton Rouge market. This 24-unit apartment building, constructed in 1984, is offered at an asking price of $1,900,000. The property boasts convenient access, situated less than 15 minutes from downtown Baton Rouge and Louisiana State University (LSU), ensuring high occupancy potential. Each unit includes washer/dryer connections, a significant amenity for renters. Recent renovations have upgraded the electrical system with the installation of copper wiring, enhancing the property's value and reducing maintenance concerns. The property's strong location, coupled with the recent improvements and the inherent demand for rental units in the area, makes Clover Place an attractive investment for those seeking a stable and potentially high-yielding multifamily asset. The building's 24 units provide a substantial rental income stream, and its proximity to LSU and the city center ensures a consistent flow of potential tenants. This is a turnkey opportunity to acquire a well-maintained apartment building in a desirable location with significant upside potential. The property's solid foundation and recent upgrades position it for continued success and long-term growth. Detailed financial information and further property specifics are available upon request.
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
- -91.1171
- Latitude
- 30.4556
