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Stabilized and Renovated Multifamily 2 Multifamily Properties Offered at $1,290,000 in Baton Rouge, LA
Executive Summary
Offering Memorandum https://buildout.com/sharing/1701-ryder-dr-1835-southpointe-dr?view_locked_docs=true
This stabilized, income-producing multifamily portfolio is located near the Baton Rouge Health Corridor.
The portfolio consists of 15 total units– 7 at Ryder Drive and 8 at Southpointe Drive. Each unit features a 2-bedroom, 1.5-bath layout, updated interior, and off-street parking.
The properties generate a combined Pro Forma Net Operating Income of $103,522 at a blended cap rate of 8.02%.
Positioned within 500 feet of each other, both assets are located just 2 minutes from the Perkins Road and Essen Lane intersection, with excellent access to I-10 (4 mins) and I-12 (5 mins).
The portfolio sits just outside of Baton Rouge’s expanding health corridor, supported by tenant demand and long-term employment drivers.
Available as a combined offering or individual acquisitions.
This stabilized, income-producing multifamily portfolio is located near the Baton Rouge Health Corridor.
The portfolio consists of 15 total units– 7 at Ryder Drive and 8 at Southpointe Drive. Each unit features a 2-bedroom, 1.5-bath layout, updated interior, and off-street parking.
The properties generate a combined Pro Forma Net Operating Income of $103,522 at a blended cap rate of 8.02%.
Positioned within 500 feet of each other, both assets are located just 2 minutes from the Perkins Road and Essen Lane intersection, with excellent access to I-10 (4 mins) and I-12 (5 mins).
The portfolio sits just outside of Baton Rouge’s expanding health corridor, supported by tenant demand and long-term employment drivers.
Available as a combined offering or individual acquisitions.
Property Facts
| Price | $1,290,000 | Number of Properties | 2 |
| Price / SF | $73.92 / SF | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 17,452 SF |
| Status | Active | Total Land Area | 1.34 AC |
| Price | $1,290,000 |
| Price / SF | $73.92 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 17,452 SF |
| Total Land Area | 1.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Complex Near Baton Rouge Health Corridor
1835 Southpointe Dr, Baton Rouge, LA 70808 |
Multifamily | 8,800 SF | 1982 | $715,000 |
|
Multifamily Near Baton Rouge Health Corridor
1701 Ryder Dr, Baton Rouge, LA 70808 |
Multifamily | 8,652 SF | 1978 | $575,000 |
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Stabilized and Renovated Multifamily