1629 Starboard Dr, Baton Rouge, LA 70820

Property Description

SOUTH BATON ROUGE MULTIFAMILY PORTFOLIO 16 Units | 4 Fourplexes | $1,170,000 Portfolio Offering Commercial Property Advisors is pleased to present a 16-unit multifamily portfolio located in a high-demand South Baton Rouge rental area approximately three miles south of LSU. The offering consists of four fourplexes and is available as a complete portfolio or as individual properties. INVESTMENT HIGHLIGHTS • 16 Total Units • 94.7% Current Occupancy • $11,625 Monthly Gross Scheduled Income • $139,500 Annual Gross Scheduled Income • $1,170,000 Portfolio Asking Price • Four Fourplexes • Approximately 3 Miles South of LSU • Strong surrounding employment base supporting rental demand • Below-market rents with upside potential • Fourplex market rents avg $775–$850/month per unit • Tenants Pay All Utilities • Washer & Dryer Hookups in Every Unit • Buildings are well maintained • Most roofs approximately two years old or newer