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Complex Near Baton Rouge Health Corridor 1835 Southpointe Dr 8 Unit Apartment Building $715,000 ($89,375/Unit) Baton Rouge, LA 70808
Executive Summary
1835 Southpointe Drive is a stabilized, income-producing multifamily asset located near the Baton Rouge Health Corridor.
Currently yielding a Net Operating Income of $57,380 and a cap rate of 8.0%.
The property comprises (8) 2-bedroom, 1.5-bath units, each designed with functional layouts and updated interiors.
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 1701 Ryder Drive, a 7-unit asset just 500 ft away from the subject property.
Currently yielding a Net Operating Income of $57,380 and a cap rate of 8.0%.
The property comprises (8) 2-bedroom, 1.5-bath units, each designed with functional layouts and updated interiors.
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 1701 Ryder Drive, a 7-unit asset just 500 ft away from the subject property.
Property Facts
| Price | $715,000 | Apartment Style | Low-Rise |
| Price Per Unit | $89,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 8 | Building Size | 8,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1982/2020 |
| Zoning | C2 - Heavy Commercial | ||
| Price | $715,000 |
| Price Per Unit | $89,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 8,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2020 |
| Zoning | C2 - Heavy Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
1 1
Property Taxes
| Parcel Number | 02839628 | Improvements Assessment | $49,146 |
| Land Assessment | $2,464 | Total Assessment | $51,610 |
Property Taxes
Parcel Number
02839628
Land Assessment
$2,464
Improvements Assessment
$49,146
Total Assessment
$51,610
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Complex Near Baton Rouge Health Corridor | 1835 Southpointe Dr
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