Multi-Family

149, 229, 231, 233, 261 E State St


149 229, 231, 233, 261 E State St
Baton RougeLA 70802

149, 229, 231, 233, 261 E State St

Multi-Family: Low-Rise

149 229, 231, 233, 261 E State St, Baton RougeLA 70802

Details

Total Size
13,075 SF
Rentable Space
11,700 SF
Land
0.09 Acre
Zoning
GENERAL RESIDENTIAL (A4)
Building Status
Existing
Number of Buildings
4
Number of Floors
2
Occupancy Type
Single Tenant
Number of Units
20
Percentage Leased
100
County
East Baton Rouge Parish
Submarket
52

Current Listings

Multifamily Portfolio at Northgates of LSU on E State St

11,700 SF$2,190,000
Cap Rate: 7.58%
Elifin Realty

- 7.58% Cap Rate

- Located at the Northgates of LSU in Opportunity Zone

- All units rent-ready condition with little deferred maintenance

- 90% Occupied | 15/20 units pre-leased for Fall 2020

Property Summary:

- 4 Buildings - 20 Units

- Unit mix of 1 & 2 bedrooms

- Two units being used as Airbnb Rentals

- Little to no deferred maintenance

Location Summary:

- Located at the North Gates of LSU

- Short walk to The Chimes, The Varsity, Raising Canes, Buffalo Wild Wings, and many other high-profile retailers

- Tenant base is primarily students

Financial Summary:

- Strong historical occupancy

- Low expense to income ratio

- Below market rents

Elifin Realty

- 7.58% Cap Rate

- Located at the Northgates of LSU in Opportunity Zone

- All units rent-ready condition with little deferred maintenance

- 90% Occupied | 15/20 units pre-leased for Fall 2020

Property Summary:

- 4 Buildings - 20 Units

- Unit mix of 1 & 2 bedrooms

- Two units being used as Airbnb Rentals

- Little to no deferred maintenance

Location Summary:

- Located at the North Gates of LSU

- Short walk to The Chimes, The Varsity, Raising Canes, Buffalo Wild Wings, and many other high-profile retailers

- Tenant base is primarily students

Financial Summary:

- Strong historical occupancy

- Low expense to income ratio

- Below market rents

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

More Information

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