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Stabilized High-Yield Multifamily Investment 1718 Boulevard De Province 76 Apartment Units Online Auction Sale Baton Rouge, LA 70816
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- High-yield multifamily investment, offering a 76-unit apartment community that is delivered fully stabilized at 96% occupancy.
- Within 10 minutes of major retailers like Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, and Zaxby’s.
- Garden-style community of 14 buildings on a 4.19-acre lot, with abundant on-site parking for 120 vehicles.
- Premier location just off Old Hammond Highway and 1.2 miles from Interstate 12, allowing convenient access to major job centers and Downtown.
- Supported by a 5-mile population of more than 158,000, with 43% currently renting their homes, delivering annual spending of more than $1.8 billion.
EXECUTIVE SUMMARY
Myrtle Place Apartments offers a high-yield multifamily acquisition in the thriving Broadmoor neighborhood of Baton Rouge, Louisiana. This incredible opportunity, located at 1718 Boulevard De Province, includes 76 apartment units in a popular, garden-style community, fully stabilized at 96% occupancy.
Originally built in 1974, Myrtle Place Apartments has been extensively renovated and updated over the years. It spans a total of 14 buildings and 71,200 square feet, with 13 buildings offering apartment units and one building serving as an on-site office, laundry facilities, and a manager’s apartment. The buildings are situated on a total of 4.19 acres, featuring attractive landscaping and ample surface parking for 120 vehicles.
Situated just off Old Hammond Highway and 1.2 miles from Interstate 12, Myrtle Place Apartments enjoy exceptional connectivity to the greater Baton Rouge region. Tenants are attracted by the community’s convenient access to the area’s largest job centers, including Turner Industries, Blue Cross Blue Shield of Louisiana, and Louisiana State University. The apartments also place residents within easy reach of essential amenities, with industry-leading shopping and dining brands within 10 minutes of the property, including Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, Zaxby’s, and many more.
Investors will be able to capitalize on significant value-add potential with the acquisition of Myrtle Place Apartments, thanks to its location within a thriving multifamily submarket. Rents in the area have grown an average of 2.7% annually during the past five years. No new inventory is currently under construction in the area, limiting supply-side competition and ensuring stable demand in the coming years.
Myrtle Place Apartments receives strong support from a large population of more than 158,000 within 5 miles of the property. These residents earn an average household income of more than $84,000, and with more than 43% renting their homes, the area generated annual consumer spending of more $1.8 billion during 2024, including over $304 million spent on household segments.
Offering a stable, high-yield residential investment with a premier location with access to major highways and quality amenities, Myrtle Place Apartments delivers the perfect choice for investors looking to enter or expand in Baton Rouge.
Property tours are by appointment only. Please contact the listing broker to schedule.
Originally built in 1974, Myrtle Place Apartments has been extensively renovated and updated over the years. It spans a total of 14 buildings and 71,200 square feet, with 13 buildings offering apartment units and one building serving as an on-site office, laundry facilities, and a manager’s apartment. The buildings are situated on a total of 4.19 acres, featuring attractive landscaping and ample surface parking for 120 vehicles.
Situated just off Old Hammond Highway and 1.2 miles from Interstate 12, Myrtle Place Apartments enjoy exceptional connectivity to the greater Baton Rouge region. Tenants are attracted by the community’s convenient access to the area’s largest job centers, including Turner Industries, Blue Cross Blue Shield of Louisiana, and Louisiana State University. The apartments also place residents within easy reach of essential amenities, with industry-leading shopping and dining brands within 10 minutes of the property, including Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, Zaxby’s, and many more.
Investors will be able to capitalize on significant value-add potential with the acquisition of Myrtle Place Apartments, thanks to its location within a thriving multifamily submarket. Rents in the area have grown an average of 2.7% annually during the past five years. No new inventory is currently under construction in the area, limiting supply-side competition and ensuring stable demand in the coming years.
Myrtle Place Apartments receives strong support from a large population of more than 158,000 within 5 miles of the property. These residents earn an average household income of more than $84,000, and with more than 43% renting their homes, the area generated annual consumer spending of more $1.8 billion during 2024, including over $304 million spent on household segments.
Offering a stable, high-yield residential investment with a premier location with access to major highways and quality amenities, Myrtle Place Apartments delivers the perfect choice for investors looking to enter or expand in Baton Rouge.
Property tours are by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOURS
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DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.22 AC |
| Sale Condition | Auction Sale | Building Size | 71,200 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 96% |
| No. Units | 76 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Apartment Style | Garden | Parcel Number | 00950343 |
| Building Class | C | ||
| Zoning | R-4 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.22 AC |
| Building Size | 71,200 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | R-4 |
| Parcel Number | 00950343 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Kitchen
- Range
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
ABOUT SHERWOOD FOREST
Proximity to nearby highways is a big draw for renters in Sherwood Forest, which is a part of the East Baton Rouge Parish area, the most populous parish in Louisiana. Major arteries, including Interstate 110, Interstate 12, and Louisiana Highway 37, offer easy access to employment hubs such as Downtown Baton Rouge, which is less than 20 minutes by car. Downtown Baton Rouge is home to companies such as Aptim Corp., a services company with specialists in sectors ranging from engineering to program management; Louisiana Workforce Commission; and engineering consultant AECOM.
Renters in the neighborhood have access to several supermarkets, restaurants, and local shopping centers within minutes of the area including Sherwood Plaza, Sherwood South Shopping Center, and Florida East Plaza Shopping Center.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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High Pointe Realty
Stabilized High-Yield Multifamily Investment | 1718 Boulevard De Province
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Stabilized High-Yield Multifamily Investment | 1718 Boulevard De Province
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