3250 Carlotta St, Baton Rouge, LA 70802
- Dormitories
Current Use by Public Records
- Amanda Stead / Physician
Property Details for 3250 Carlotta St
- Property type
- Dormitories
- Property subtype
- Student housing
- APN
- 008-1223-4
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.1729212
- Latitude
- 30.4186857
