1043 Monet Dr Baton Rouge, LA 70806
- Commercial real estate
- 3,256 SF
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1043 Monet Dr
- Year built
- 1970
- Lot size
- 0.22 lot acres
- Property size
- 3,256 SF
- Property type
- Commercial real estate
Description
This 3,256 square foot, two-story apartment building located at 1043 Monet Dr, Baton Rouge, LA 70806, presents a compelling redevelopment opportunity. The property, built in 1970, sits on a 0.22-acre lot and is zoned A4. Currently vacant with an occupancy date of September 24, 2024, this Class C multifamily investment is priced at $158,000. The building has undergone significant renovations, including cleaning, reframing, a new roof, new doors and windows, and new framing. The four units comprise three one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. The property is located in an established apartment community north of Florida Boulevard and is not in a flood zone. Projected rental income estimates range from $600-$800 per month for one-bedroom units and $800-$1000 per month for the two-bedroom unit. This Opportunity Zone property offers significant potential for a builder to complete the renovations and capitalize on the strong rental market.
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
- -91.1176504
- Latitude
- 30.4594351
