College Town Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30832146
Property Subtypes: Low-Rise/Garden, Student Housing
Status: Pending
Number of Units: 20 Units
Building Size (RSF): 11,464 SF
Gross Land Area: 0.54 Acres
Sale Price: $1,500,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: College Town Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/23/2023

Overview / Comments

College Town Apartments is a 20 Unit apartment complex located at the signalized hard corner of E. Boyd Dr. and Burbank Dr. The building is two stories, and consists of 20 1 BR/ 1 Bath Units. The lot is 0.54 Acres +/- Zoned LC-1, and offers access from both Burbank Dr. and E. Boyd Dr. The building is currently vacant, but 18 of the 20 electrical meters are still in place. There is a functional Laundry Room and Pool on site. This property was supposed to be converted to a new retail development, which is the cause of current vacancy. Most of the units are rent ready as-is, and 10 of the units are in excellent condition. The current zoning of LC-1 offers an investor the flexibility of future redevelopment for Retail use, and offers an excellent spot for a QSR or similar type.

20-1 BR/1 Bath Units
Market Rent $850/Month
0.54 Acre +/- Lot
Signalized Hard Corner
Zoned LC-1 offering re-development possibility
Established Dual Access
Walking Distance to LSU
Surrounded by Bars, Restaurants, Shopping, etc.
New Monitored Security Camera System

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 52
Tax ID/APN: 006-6884-2
Zoning: LC-1
Community Amenities: Outdoor Pool
Property Located Between: Burbank Dr. & Highland Rd.
Site Description: 0.54 Acre +/- Site located at the corner of Burbank Dr. and E. Boyd Dr. near the South Gates of LSU in Baton Rouge, Louisiana
Area Description: LSU
Total Number of Buildings: 3
Property Condition: Good
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 24
Laundry: Shared
Zoning Description: LC-1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,058 64,258 152,484
Median Age: 23.77 31.26 33.62
Households: 8,441 27,656 64,529


Photograph of Listing Agent

Travis A Thornton

Beau Box Commercial Real Estate Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions.