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Property profile & analytics
FOR SALE
Dormitories

3250 Carlotta St Baton Rouge, LA 70802

Property ID
US36-0880752
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of two multifamily properties totaling 14 units, ideally situated in Baton Rouge's Northgate area, near LSU's campus. The portfolio comprises three buildings, each two stories high, offering a mix of 8-plex and 6-plex configurations at 3250 and 3270 Carlotta Street, respectively. Currently boasting 100% occupancy with annual leases, this Class B property presents a strong cash flow with a 6.00% cap rate and an asking price of $2,100,000, or $145,000 per unit. The properties are zoned A3 and feature a convenient location close to historic restaurants and attractions, ensuring high demand and consistent rental income. The portfolio's strong performance and prime location make it an attractive investment for those seeking a stable and profitable venture in the thriving Baton Rouge student housing market. The property's APN is 008-1223-4. This is a turnkey operation ready for immediate income generation.

Property profile
Verified
Property type Dormitories
UPID US36-0880752
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
Current use
Occupant on record · Public records
  • Amanda Stead Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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