7626 Airline Hwy | Baton Rouge, LA 70814
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7626 Airline Hwy
Baton Rouge, LA 70814
Fleur Apartments · Multifamily Property For Sale
·
118 Units
Investment Highlights
- $3.6M+ Improvement in Asset Value – Implement Rubs for Electricity and Water, Renovate Units, Start a Cable Contract, Water Conservation Program
- New 820,000-SF Amazon Distribution Center 2-Miles South – 1,000+ Jobs
- Double-Digit Cash-on-Cash Returns
- Proximate to Downtown Baton Rouge and LSU (~35,000 Students)
- More than Half of the Baton Rouge Population Is Renting (51%) – U.S. Census Bureau
- 91% Occupied – Opportunity to Acquire a Nearly Fully Leased Asset
Property Facts
| No. Units | 118 | Building Size | 54,356 SF |
| Property Type | Multifamily | Average Occupancy | 70% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | C | Parking Ratio | 2.33/1,000 SF |
| Lot Size | 2.93 AC |
| No. Units | 118 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.93 AC |
| Building Size | 54,356 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 2.33/1,000 SF |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Refrigerator
- Oven
- Range
- Grill
Site Amenities
- Laundry Facilities
- Pool
- Grill
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 76 | - | 405 |
| 1+1 | 28 | - | 499 |
| 2+1 | 14 | - | 686 |
Property Taxes
| Parcel Number | 00897760 | Improvements Assessment | $417,032 |
| Land Assessment | $12,936 | Total Assessment | $429,968 |
Property Taxes
Parcel Number
00897760
Land Assessment
$12,936
Improvements Assessment
$417,032
Total Assessment
$429,968
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