- June 30, 2017
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The number one question we get asked as commercial real estate Brokers is, “What property type should I invest in?” While it’s best to understand an investor’s goals (appreciation, 1031 exchange, cash liquidity, etc.) it usually boils down to one thing: solid annual returns. And if that is what you are you looking for (which is it), there is no other sector that will produce stronger income than multifamily properties.
What is so special about multifamily properties is that they not only produce income over the short-term, but the long-term as well. A double bang for your buck, investors can see immediate steady cash flow through tenant rent payments, and long-term value through appreciation.
With so many benefits (secure cash flow, easy financing, quick portfolio growth) it is an easy investment decision, and one that doesn’t have to break the bank. To help give you some ideas, we’ve pulled out our best and most affordable multifamily properties in Baton Rouge. Take a look at the listings below and if you see anything that catches your eye go ahead and give us a shout at 225-367-1515.
For an in-depth analysis of multifamily properties, click here.
Affordable Baton Rouge Area Multifamily Properties For Sale
In the below Greater Baton Rouge inventory we highlight 3 very affordable multifamily properties that are available for sale. If you see something that interests you, or have additional questions, please contact us for more information.
Fully Leased Duplex Near LSU | $240,000
Listing Link | 842 Geranium, Baton Rouge, LA 70802
This fully leased duplex containing 2, 2-bedroom units is conveniently located within walking distance to Louisiana State University just outside of the North Gates of campus. One suite is currently leased for $900/month and the other is leased for $850/month. Total building area is ±2,300 square feet and the lot is ±5,000 square feet. Estimated annual NOI (net operating income) of $17,721.31.
Tigerland Apartment Complex | $235,000
Listing Link | 5427 Tigerland Avenue, Baton Rouge, LA 70802
This highly sought apartment complex is conveniently located in the historic “Tigerland Acres” neighborhood on the Louisiana State University campus. The multifamily property consists of 10, 1-bedroom/1-bath studio apartment units with a historical occupancy of 90-100%. Total building area is ±3,136 square feet and the lot is ±9,750 square feet.
This area has recently received capital improvements from local investors. This makes the asset a tremendous opportunity for an owner/manager or local investor to capitalize on these improvements and strong market occupancy.
Small Trailer Park | $249,000
Listing Link | 28105 Gaylord Road, Walker, LA 70785
A perfect investment opportunity for new or experienced operators, this small trailer park site is located just North of Interstate 13 at the Walker exit. Priced to sell, this multifamily property sits on ±2.5 acres and includes 6 trailer slots (spaces) total.
Currently out of the 6 slots there are: 4 trailers (2 of which are occupied, 2 are being renovated) and slot 5 is under lease. Units are on City Water and property has its own Mo-Dad.
- Unit 1: 3 bedrooms, 3.5 bathrooms
- Unit 2: 2 bedrooms, 2 bathrooms
- Unit 3: 3 bedrooms, 2 bathrooms
- Unit 4: 2 bedrooms, 1 bathroom
- Unit 5: Empty, but leased
- Unit 6: Available
Prefer to Let Someone Else Find Multifamily Properties For You?
If you are interested in seeing more multifamily properties in Baton Rouge and surrounding markets, then let someone else do the work for you! It starts with one phone call; you let us know what you are looking for and we create a detailed report of the available investment opportunities in the area.
Our Advisors know what to look for and are well versed in all of the factors that affect the sale and purchase of multifamily properties. Their expertise means you not only experience a smooth transaction, but also get the best deal. Contact us today to see how we can improve your bottom-line, 225-367-1515.