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Browse More Listings in Multifamily For Sale, Baton Rouge, LA or Louisiana

Multifamily Property For Sale

Classic Heights

11440 Bard Ave, Baton Rouge, LA 70815

Price:
$9,750,000
No. Units:
203
Building Size:
200,000 SF
Price/Unit:
$48,029.56
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
9%
Occupancy:
95%
No. Stories:
3
Year Built:
1975
Find Out More...

Last Verified 10/13/2009 Listing ID 16092365

Description

(REDUCED) Classic Heights apartments is a clean and well run complex that stays full. The property is in good shape. There is a good unit mix of 1, 2 & 3 bedroom units that average about 1,000 sf. Adjacent to park. Several million put into the property over the last few years. Roofs are new. Website (classicheightsapts.com)

Classic Heights is just off of major arteries and in close proximity to retail products and services.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$1,436,000
Operating Expenses
$558,000
Net Operating Income
$878,000
Pre-Tax Cash Flow
$456,000

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
One Bedroom/ One Bath	23	$495	660
One Bedroom/ One Bath	61	$510	720
Two Bedroom/One Bath	75	$610	1,133
Two Bedroom/Two Bath	31	$675	1,271
Three Bedroom	13	$795	1,475

Map of 11440 Bard Ave, Baton Rouge, LA 70815 (East Baton Rouge County)

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Presented by

Beau Box Commercial Real Estate

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Contact Listing Broker

Darren Aschaffenburg (504) 400-0084

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Created 2/6/2009

Additional Information for 11440 Bard Avenue, Baton Rouge, LA 70815

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Classic Heights

11440 Bard Ave, Baton Rouge, LA, 70815