Catylist ID:
#30832146
| 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 |
Attachments & Media
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 |
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 |
| 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. |
