For Sale

Value-Add 16-Unit Apartment Complex near LSU Campus

1212 Aster St,
Baton Rouge, LA 70802

Asset Snapshot

Upper Mid-Scale
Multifamily Subtype
2
Floor Count
3
Building Count
0.28 Acres
Land Area
16 Units
Unit Count
11,144 SF
Property Size

Offering Summary

Investment Overview

This 16-unit multifamily complex is located just outside LSU campus, offering a value-add investment opportunity through interior renovations and lease-up. The property includes 11,144 SF across three two-story buildings on 0.279 acres. The unit mix consists of 4 studios, 8 one-bedroom / one-bath units, and 4 two-bedroom / one-bath units. Currently, 8 units are vacant and require renovations, presenting an opportunity to increase occupancy and stabilize rental income. The property also features dedicated off-street parking and common areas between the buildings. Located near LSU campus, the property benefits from proximity to student and professional tenant demand, with convenient access to I-10 approximately 4 minutes away. Zoned A4 (General Residential) and located within an Opportunity Zone.


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Listing Syndicated From

Buildout
Accepting Offers
$550,000
Asking Price

Investment Sales Broker

Mark Segalla
JRE Brokerage

Market Insights