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4627 Tigerland Ave 10 Unit Apartment Building $700,000 ($70,000/Unit) Baton Rouge, LA 70820
Investment Highlights
- 10 Units in Tigerland near the new proposed LSU Sports Arena
- Remodeled units
- Annual Operating Expenses Approx $40,000
- Unique contracts generating $1,063 to $1,200 per unit/per month
- Annual Potential Gross Rental Income $127,560
Executive Summary
This property is a two story 10 unit apartment complex in themiddle of Tigerland. All the units are the same;approximately 400 sf studios. They all have kitchen cabinets,a stove, a fridge, and a window unit. They are open spacewith a closet and a private bathroom.The tenants are referred and subsidized by two specialprograms. The leases are 12 month leases and the rents aredirect deposited. Contact us for more information.
Tigerland is a well known multifamily community right nextto the LSU golf course (A potential location for the new sportsarena). As you enter Tigerland, you are greeted by thepopular student nightlife bar scene like Fred's Bar and Grill,Mike's and The House.Tigerland was once the premier student housing area ofchoice, and we believe that with the new LSU Sports Arena,those days can come back.
Tigerland is a well known multifamily community right nextto the LSU golf course (A potential location for the new sportsarena). As you enter Tigerland, you are greeted by thepopular student nightlife bar scene like Fred's Bar and Grill,Mike's and The House.Tigerland was once the premier student housing area ofchoice, and we believe that with the new LSU Sports Arena,those days can come back.
Property Facts
| Price | $700,000 | Building Class | C |
| Price Per Unit | $70,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 9,800 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2003 |
| Apartment Style | Low-Rise | Parking Ratio | 2.35/1,000 SF |
| Zoning | A4 | ||
| Price | $700,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | A4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00593818 | Improvements Assessment | $41,980 |
| Land Assessment | $2,200 | Total Assessment | $44,180 |
Property Taxes
Parcel Number
00593818
Land Assessment
$2,200
Improvements Assessment
$41,980
Total Assessment
$44,180
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4627 Tigerland Ave
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