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Stabilized 7-Unit Complex Near Health Dist. 1701 Ryder Dr 7 Unit Apartment Building $575,000 ($82,143/Unit) Baton Rouge, LA 70808
Executive Summary
Offering Memorandum https://buildout.com/sharing/1701-ryder-dr?file=3886368
1701 Ryder Drive is a stabilized, income-producing multifamily asset located near the Baton Rouge Health Corridor.
The property comprises (7) 2-bedroom, 1.5-bath units.
Each unit offers functional layouts, updated finishes, and private parking, contributing to consistent demand.
Strategically positioned within 2 minutes of the Perkins Road and Essen Lane intersection, the property sits just outside of Baton Rouge’s expanding health corridor, with excellent access to I-10 (4 mins) and I-12 (5 mins).
This complex can be acquired individually or as part of a portfolio alongside 1835 Southpointe Drive, an 8-unit asset just 500 ft away from the subject property.
1701 Ryder Drive is a stabilized, income-producing multifamily asset located near the Baton Rouge Health Corridor.
The property comprises (7) 2-bedroom, 1.5-bath units.
Each unit offers functional layouts, updated finishes, and private parking, contributing to consistent demand.
Strategically positioned within 2 minutes of the Perkins Road and Essen Lane intersection, the property sits just outside of Baton Rouge’s expanding health corridor, with excellent access to I-10 (4 mins) and I-12 (5 mins).
This complex can be acquired individually or as part of a portfolio alongside 1835 Southpointe Drive, an 8-unit asset just 500 ft away from the subject property.
Property Facts
| Price | $575,000 | Building Class | C |
| Price Per Unit | $82,143 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 8,652 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C2 - Heavy Commercial | ||
| Price | $575,000 |
| Price Per Unit | $82,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 8,652 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | C2 - Heavy Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02839679 | Improvements Assessment | $0 |
| Land Assessment | $440 | Total Assessment | $440 |
Property Taxes
Parcel Number
02839679
Land Assessment
$440
Improvements Assessment
$0
Total Assessment
$440
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Stabilized 7-Unit Complex Near Health Dist. | 1701 Ryder Dr
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