325 State St Baton Rouge, LA 70802

Property Details for 325 State St

Property size

1 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a six-unit apartment building located at 325 E State St, Baton Rouge, LA 70802. Priced at $930,000, this property is part of a three-property portfolio situated near LSU Northgates, offering significant upside potential. Currently boasting 100% occupancy, the building comprises six one-bedroom, one-bathroom units, all with ample off-street parking. The property benefits from numerous long-term tenants currently paying below-market rates, presenting a clear opportunity to increase rental income. All tenants are responsible for their own energy costs, while water and sewer are covered by the landlord. The units feature central air conditioning (with one exception), and a shared coin-operated laundry facility is conveniently located on-site. Recent interior updates have been completed, including three brand-new air conditioning units. Detailed financial information, including rent rolls, income, and expense reports, is available upon request. This is a rare chance to acquire a well-maintained, high-occupancy multifamily property in a prime location with immediate potential for increased profitability. The property's location near LSU ensures consistent demand and strong rental income.