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$ 625,000
Est. payment | /mo
8,940 SqFt
$ 625,000
Est. payment | /mo
8,940 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,940 sqft
Price per Sqft $69
Subdivision Melrose East
MLS Listing ID 2026013316
Lot Size 8,276 Sqft
Property Sub-Type Commercial
Property Description
Shiloh Apartments presents an opportunity to acquire a 14-unit multifamily property in Baton Rouge, Louisiana ($45k per unit). The property consists of six (6) 2-bedroom/1-bath units and eight (8) 1-bedroom/1-bath units totaling approximately 8,970 square feet. The property is currently in a lease-up and stabilization phase, creating a strong value-add opportunity for investors seeking upside through increased occupancy and operational improvements. Recent leasing activity has already improved occupancy, with current in-place rents demonstrating continued rental demand in the area. The property offers investors the ability to add value through leasing vacant units and streamlining operations. There is a laundry room onsite that is currently not being used.
Location
State LA
County East Baton Rouge
Direction Florida Blvd to N Donmoor Ave, left on Rebrandt, Property on the Right
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature None
Garage Spaces 16.0
Utilities Available Natural Gas Not Available
Roof Type Composition
Private Pool false
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition As Is
Listed by Service 1st Real Estate
NEARBY SCHOOL & BUSINESS
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Maddie Landry Thompson
Agent | License ID: 995706655