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3135 Highland Rd
Baton Rouge, LA 70802
Altitude Baton Rouge · Multifamily Property For Sale
·
102 Units
PROPERTY FACTS
| No. Units | 102 | Lot Size | 2.00 AC |
| Property Type | Multifamily | Building Size | 149,136 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2006 |
| Building Class | B | Parking Ratio | 2.57/1,000 SF |
| Zoning | A5 | ||
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 149,136 SF |
| No. Stories | 5 |
| Year Built | 2006 |
| Parking Ratio | 2.57/1,000 SF |
| Zoning | A5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Spa
- Gated
- Tanning Salon
- Furnished Units Available
- Grill
- Planned Social Activities
- Elevator
- Roommate Matching
- Individual Leases Available
ABOUT 3135 HIGHLAND RD , BATON ROUGE, LA 70802
Offered Below Replacement Cost With pricing near $50K/bed, the offering allows a new investor the ability to purchase a 2,000’s vintage property at below replacement cost. Coupled with double-digit cash-on-cash returns starting in year 2, this opportunity allows for an impressive yield for an asset of this vintage in an SEC market. Physical & Operational Value-Add Upside Northgate Apartments is perfectly positioned for a new owner to complete both a physical and operational value-add program that yields a significant increase to operating revenues. Occupied about 25% below market averages, a new owner can implement a dedicated student housing management team to increase occupancy. Additionally, a new owner can renovate both the common areas, and unit interiors to bring the property more in line with the Class A student housing product that has been delivered to the LSU market over the past 5 years. Doing so, will allow the property to increase rental rates and remain competitive for years to come. Outstanding Pedestrian Location Northgate Apartments offers a truly pedestrian location and is located within walking distance (3 blocks) from Louisiana State University, offering students convenient access to the campus’ academic buildings, facilities and Tiger Stadium. Southern University and A&M College is located a few miles from the property and is home to nearly 5,000 students. Northgate is also a short distance away from downtown Baton Rouge providing access to the city’s dining, shopping and entertainment district. Available All Cash Northgate Apartments is available all-cash, allowing investors to take advantage of flexible financing opportunities. Jennifer Stein Brok.0995688204 Broker on Record
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 16 | - | 840 - 1,240 |
| 3+3 | 21 | - | 1,268 - 1,301 |
| 4+4 | 61 | - | 1,478 |
PROPERTY TAXES
| Parcel Number | 00553921 | Improvements Assessment | $1,126,344 |
| Land Assessment | $134,750 | Total Assessment | $1,261,094 |
PROPERTY TAXES
