4807 Kennesaw Dr Baton Rouge, LA 70817

Property Details for 4807 Kennesaw Dr

Property type

Commercial real estate

APN

118184, 118222, 118281, 30827002, 30827008

Description

This exceptional multifamily investment opportunity comprises a portfolio of five apartment buildings totaling 27 units in Baton Rouge, Louisiana. The portfolio is strategically located in the quiet Shenandoah neighborhood, offering convenient access to major thoroughfares like I-10 and I-12 (approximately 8 and 15 minutes respectively). The properties boast a strong 89% occupancy rate, presenting immediate cash flow potential. The unit mix includes a variety of configurations: four 3-bedroom/2-bathroom units, four 2-bedroom/2.5-bathroom units, seven 2-bedroom/1.5-bathroom units, and eight 2-bedroom/1.5-bathroom units. Each property features ample on-site parking. The portfolio's prime location also benefits from proximity to the Perkins Road medical corridor (approximately 12 minutes away), offering significant potential for attracting high-demand tenants. The properties are situated within a 16-minute radius of each other, simplifying management and maintenance. The asking price is $2,200,000, representing a price per unit of $81,481.48. The portfolio is zoned R and C2. Parcel numbers include 118184, 118222, 118281, 30827002, and 30827008. Detailed financial information, including rent rolls and operating statements, is available upon request.