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Crestworth Place Apartments 10025-10037 Avenue H 24 Unit Apartment Building $650,000 ($27,083/Unit) Baton Rouge, LA 70807
Investment Highlights
- 1 ?mile from Southern ?University and A&M ?College? with 8,300 Students
- 1 mile from I-110?
- New roof December 2023
Executive Summary
Access Diligence and OM: Copy and Paste link https://bracketre.com/listing/b6fb564f-b250-43d9-bf63-a9a3f8cb488e
10025-10037 Avenue H is a four-building, 24-unit (1 Bed/1 Bath) multifamily asset with strong upside and a highly accessible location in northwest Baton Rouge. Property is being delivered vacant and presents an opportunity for a new owner to finish revitalizing the asset & capitalize on a renter-dominant demographic. Over $400,000 in capital improvements made since March 2021.
24-unit (1 Bed/1 Bath) ?15,000 SF
1 mile from I-110?
Opportunity Zone
1 ?mile from Southern ?University and A&M ?College? with 8,300 Students
New roof December 2023
10025-10037 Avenue H is a four-building, 24-unit (1 Bed/1 Bath) multifamily asset with strong upside and a highly accessible location in northwest Baton Rouge. Property is being delivered vacant and presents an opportunity for a new owner to finish revitalizing the asset & capitalize on a renter-dominant demographic. Over $400,000 in capital improvements made since March 2021.
24-unit (1 Bed/1 Bath) ?15,000 SF
1 mile from I-110?
Opportunity Zone
1 ?mile from Southern ?University and A&M ?College? with 8,300 Students
New roof December 2023
Property Facts Under Contract
| Price | $650,000 | Lot Size | 0.68 AC |
| Price Per Unit | $27,083 | Building Size | 15,000 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | A-4 | ||
| Price | $650,000 |
| Price Per Unit | $27,083 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2021 |
| Parking Ratio | 1.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | A-4 |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 750 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $28,540 | |
| Land Assessment | $17,600 | Total Assessment | $46,140 |
Property Taxes
Parcel Numbers
Land Assessment
$17,600
Improvements Assessment
$28,540
Total Assessment
$46,140
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Crestworth Place Apartments | 10025-10037 Avenue H
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