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Property profile & analytics
OFF-MARKET
Commercial real estate

1212 Aster St Baton Rouge, LA 70802

1 SF
Property ID
US36-0659287
Property summary
AI-generated overview

This exceptional investment opportunity presents a 32-unit apartment complex strategically located in Baton Rouge, Louisiana, near the Louisiana State University (LSU) campus. The property consists of three buildings, totaling 32 units, offering significant value-add potential. A recent major renovation to one eight-unit building included the replacement of a sewer line, ensuring all units are now rent-ready and available for immediate leasing. The property boasts dedicated, off-street parking, a highly desirable amenity for tenants. Its proximity to LSU provides access to a substantial student and staff population of approximately 42,414, creating a strong rental demand. Conveniently located approximately four minutes from Interstate 10, the property offers easy accessibility for both tenants and property management. This property is also available for purchase as a package deal with two neighboring properties, adding an additional 16 units for a total of 32 units across all three properties. Detailed financial information, including rent rolls, income statements, and expense reports, is available upon request. This is a prime opportunity to acquire a well-situated multifamily property with substantial upside potential in a thriving market. The property is situated at 1212 Aster St, Baton Rouge, LA 70802. The asking price is $820,000.

Property profile
Verified
Property type Commercial real estate
Total area 1 SF
UPID US36-0659287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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