2888 Dougherty Dr Baton Rouge, LA 70805

Property Details for 2888 Dougherty Dr

Lot size

7.14 lot acres

Property size

146,670 SF

Property type

Commercial real estate

Description

This exceptional 183-unit apartment complex, situated on a 7.14-acre lot in Baton Rouge, Louisiana, presents a compelling investment opportunity. Priced at $7,000,000 ($38,251 per unit and $47.73 per square foot), this property boasts a substantial 146,670 square feet of gross building area and 122,225 square feet of net rentable area. Constructed in 1972, the complex comprises 13 buildings and offers a range of desirable features, including a fully fenced and gated perimeter for enhanced security and peace of mind. On-site amenities cater to residents' needs, with a convenient laundry facility and a dedicated leasing office. Located in the thriving Mid City North area, the property benefits from easy access to local amenities and employment centers, ensuring high occupancy rates and strong rental demand. The property's significant size and value-add potential, particularly through cosmetic upgrades, make it an attractive prospect for investors seeking substantial returns. The address is 2888 Dougherty Dr, Baton Rouge, LA 70805. This is a fully operational multifamily property with significant upside potential. The property's strategic location and existing infrastructure provide a solid foundation for future growth and profitability. The substantial size of the property, coupled with the potential for value-add improvements, presents a unique opportunity for investors to capitalize on the strong rental market in Baton Rouge.