644 Donmoor Ave Baton Rouge, LA 70806
- Commercial real estate
- 0.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 644 Donmoor Ave
- Lot size
- 0.75 lot acres
- Property type
- Commercial real estate
- APN
- 837830, 629464, 837822
Description
This exceptional investment opportunity presents a fully renovated, 18-unit multifamily property situated on a 0.75-acre lot in Baton Rouge, Louisiana. The property consists of two adjacent, two-story buildings, each containing nine units, currently boasting 83.33% occupancy. Recent renovations have stabilized the income stream, presenting a strong return on investment. The property is zoned A4 – General Residential and features convenient access to major thoroughfares, including proximity to the new 3,500,000 square foot Amazon Fulfillment Center, expected to employ over 3,500 people. This prime location also benefits from its close proximity to Baton Rouge Community College and Downtown Baton Rouge, enhancing tenant appeal. The surrounding area is experiencing significant growth, with the addition of national brands such as Starbucks, Cane's, and Aldi. The property's strategic positioning offers potential for future development, given the inclusion of a vacant lot next door. This presents an opportunity for increased rental income and expense reduction. The asking price for this stabilized investment is $1,100,000. The property's APN numbers are 837830, 629464, and 837822. The address is 644, 662 N Donmoor Ave, Baton Rouge, LA 70806.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge Parish
- State
- Louisiana
- Longitude
- -91.118539593666
- Latitude
- 30.455552649565
