Current Use by Public Records
- Apartment buildings
Property Details for 901 St Rose Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully occupied, 28-unit apartment complex situated in Baton Rouge, Louisiana's desirable Garden District. The property boasts a total of 28,750 square feet across seven, two-story buildings, offering a compelling 7.0% capitalization rate. The asking price is $3,585,000, translating to $128,035.71 per unit and $124.70 per square foot. The complex includes 45 parking spaces and features a gated entrance for enhanced security. A significant advantage is the availability of an assumable, non-recourse loan at a fixed 3.86% interest rate, extending until March 31, 2032. Since 2016, the property has benefited from approximately $600,000 in building improvements, $60,000 in land improvements, and $90,000 in equipment upgrades. The unit mix comprises twelve one-bedroom/one-bathroom units and sixteen two-bedroom/two-bathroom units. 27 of the 28 units have undergone complete renovations, including new washer/dryer sets, granite countertops, flooring, cabinets, and stainless-steel appliances. Rent includes trash and water/sewer services. The property's prime location offers convenient access to Government Street's vibrant culinary scene, LSU, and City Park, and is within walking distance of local amenities. Detailed financial records are available upon request. The property's APN is 005-1431-4.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1619
- Latitude
- 30.4404
