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Devonshire Apartments 11620 Airline Hwy Immeuble residentiel 100 lots 5 921 192 € (59 212 €/Lot) Baton Rouge, LA 70816

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Certaines informations ont été traduites automatiquement.

INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT

Strong N O I - T’3 Annualized NOI at $610,000 and Hybrid NOI at $617,000.
Great Location - Situated on Airline Hwy., Devonshire Apartment benefits from easy access to major highways including Siegen, I-10 and I-12
Diverse Unit Mix - This property offers a variety of unit types (976 SF average unit size)

Average Monthly Rents - $1,019/month and average rents PSF at $1.06/sf.
Strong Occupancy Rate - Currently at strong occupancy levels (averaging 94% over the last 18 months)
Asking Price is an 8% Cap Rate based off the True T'12 NOI of $560,000

RÉSUMÉ ANALYTIQUE

CBRE Baton Rouge invites you to explore Devonshire Apartments of Louisiana, a 100- unit apartment community located at 11620 Airline Hwy, Baton Rouge, LA. This prime market-rate multifamily asset offers a diverse range of unit types, accommodating tenants’ needs from efficiencies to three-bedroom/two-bathroom apartments. Devonshire Apartments boasts an excellent location, adjacent to Siegen Lane and just minutes from Interstate 10 and Interstate 12. Property is located off Airline Highway, a major thoroughfare running north and south through Baton Rouge to Ascension Parish, providing convenient access to a variety of shopping, dining, employers and entertainment options throughout Baton Rouge. The property currently operates at strong occupancy levels, with average rents reflecting competitive market conditions. This well-maintained community features 37 renovated units completed in 2021, presenting significant upside potential for new owners through the opportunity to renovate more units and increase rental rates and enhance property value. This is a unique opportunity to invest in a well-located asset with immediate cash flow and substantial upside potential through value-add strategies.
Contact Agents for any additional information of questions.

INFORMATIONS SUR L’IMMEUBLE

Prix	5 921 192 €	Classe d’immeuble	C
Prix par lot	59 212 €	Surface du lot	1,99 ha
Type de vente	Investissement	Surface de l’immeuble	9 064 m²
Nb de lots	100	Occupation moyenne	93%
Type de bien	Immeuble residentiel	Nb d’étages	2
Sous-type de bien	Appartement	Année de construction	1974
Style d’appartement	Avec jardin	Ratio de stationnement	0,18/1 000 m²
Zonage	MF

Prix	5 921 192 €
Prix par lot	59 212 €
Type de vente	Investissement
Nb de lots	100
Type de bien	Immeuble residentiel
Sous-type de bien	Appartement
Style d’appartement	Avec jardin
Classe d’immeuble	C
Surface du lot	1,99 ha
Surface de l’immeuble	9 064 m²
Occupation moyenne	93%
Nb d’étages	2
Année de construction	1974
Ratio de stationnement	0,18/1 000 m²
Zonage	MF