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Ryder Drive Apartments 3 Multifamily Properties in Baton Rouge, LA
Investment Highlights
- Fully occupied 18-unit multifamily property with 100% occupancy and consistent rental income.
- Each unit features washer and dryer connections, enhancing tenant convenience and retention.
- Located in Baton Rouge, a major economic hub anchored by state government, LSU, healthcare systems, and petrochemical industries.
- Sixteen of eighteen units have been fully renovated with new flooring, countertops, appliances, paint, and fixtures.
- Current ownership covers water, sewer, and trash, with potential to increase NOI by billing back utilities and adjusting rents to market levels.
- Strong projected returns with a 7.7% cap rate and opportunity to achieve $178,304 in annual NOI through operational adjustments.
Executive Summary
Purchasers wishing to make an offer or tour the property are requested to submit a Letter of Intent to purchase and corresponding proof of funds. Property tours will be conducted upon receipt of an acceptable Letter of Intent and proof of funds.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 22,988 SF |
| Number of Properties | 3 | Total Land Area | 2.15 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 22,988 SF |
| Total Land Area | 2.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1731 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 8,836 SF | 1981 | - |
| 1721 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 7,646 SF | 1981 | - |
| 1815 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 6,506 SF | 1981 | - |
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Ryder Drive Apartments
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