7272 Burbank Dr Baton Rouge, LA 70820

Property Details for 7272 Burbank Dr

Lot size

1.40 lot acres

Property size

36,000 SF

Property type

Commercial real estate

APN

X-W-2-A

Description

This exceptional investment opportunity presents a 12-unit apartment building situated on a 1.4-acre lot at 7272 Burbank Dr, Baton Rouge, LA 70820. The property boasts a total of 36,000 square feet, with each unit offering a generous 1,500 square feet of living space. Each spacious unit features three bedrooms and two full bathrooms, a full kitchen, and a living room, all enhanced by high ceilings. Currently vacant, the complex has undergone extensive renovations and has recently been legally filed as condominiums, providing a buyer with the flexibility to sell individually or rent as apartments. The property's prime location on Burbank Dr, near Lee Dr, places it in a high-traffic area with abundant nearby amenities, including restaurants, fast food establishments, and gas stations. Its proximity to LSU's campus (1.7 miles) and Downtown Baton Rouge (approximately 7 miles) further enhances its appeal. With 92 parking spaces and an asking price of $2,982,000 ($137.50 per square foot), this property offers significant potential for rental income, estimated at approximately $2,000 per unit per month. Showings are available by appointment. The property's APN is X-W-2-A. This is a prime opportunity for an investor seeking a high-return property in a desirable location.