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317 East Drive Apartments 317 East Dr 8 Unit Apartment Building $665,000 ($83,125/Unit) 8.16% Cap Rate Baton Rouge, LA 70806
Investment Highlights
- This property features a community outdoor space.
Executive Summary
The Opportunity: Prime Mid-City Passive Income Invest in the heart of Baton Rouge's most vibrant cultural district with this 8-unit multi-family asset. Located at 317 East Drive, this property offers a rare combination of stability and significant upside potential in the sought-after Mid-City submarket. Baton Rouge.
Property Facts
| Price | $665,000 | Building Class | C |
| Price Per Unit | $83,125 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 7,800 SF |
| Cap Rate | 8.16% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | A2 | ||
| Price | $665,000 |
| Price Per Unit | $83,125 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | A2 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Refrigerator
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 8 | $1,060 | 1,000 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $61,340 | |
| Land Assessment | $13,000 | Total Assessment | $74,340 |
Property Taxes
Parcel Numbers
Land Assessment
$13,000
Improvements Assessment
$61,340
Total Assessment
$74,340
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Videos
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Photos
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Map
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Contact the Sale Advisor
317 East Drive Apartments | 317 East Dr