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5523 Prescott Rd
Baton Rouge, LA 70805
Multifamily Complex with Below Market Rents · Multifamily Property For Sale
·
50 Units
Executive Summary
The Place d’Charles apartment complex comprises 50 (1) bedroom, (1) bathroom units across 2 buildings.
Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $180,600.
The complex is equipped with on-site laundry facilities and a large off-street parking lot.
Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10.
This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
Several rents are below market rate, presenting an immediate opportunity to increase rental rates. Operating at market rates, the pro forma yields a NOI of $180,600.
The complex is equipped with on-site laundry facilities and a large off-street parking lot.
Strategically located to generate consistent tenant demand, the property is located just 1 minute from Airline Hwy and 4-8 minutes from I-110 and I-10.
This property is available for purchase individually or as part of a 160+ unit portfolio. Contact broker for more information.
Property Facts
| Price Per Unit | $35,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.39 AC |
| No. Units | 50 | Building Size | 32,112 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1940 |
| Apartment Style | Garden | ||
| Zoning | C1 - Light Commercial | ||
| Price Per Unit | $35,000 |
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.39 AC |
| Building Size | 32,112 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Zoning | C1 - Light Commercial |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
| 1+1 | 30 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $59,136 | |
| Land Assessment | $6,996 | Total Assessment | $66,132 |
Property Taxes
Parcel Numbers
Land Assessment
$6,996
Improvements Assessment
$59,136
Total Assessment
$66,132
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