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Stabilized High-Yield Multifamily Investment 1718 Boulevard De Province 76 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Baton Rouge, LA 70816
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- High-yield multifamily investment, offering a 76-unit apartment community that is delivered fully stabilized at 96% occupancy.
- Within 10 minutes of major retailers like Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, and Zaxby’s.
- Garden-style community of 14 buildings on a 4.19-acre lot, with abundant on-site parking for 120 vehicles.
- Premier location just off Old Hammond Highway and 1.2 miles from Interstate 12, allowing convenient access to major job centers and Downtown.
- Supported by a 5-mile population of more than 158,000, with 43% currently renting their homes, delivering annual spending of more than $1.8 billion.
RÉSUMÉ ANALYTIQUE
Myrtle Place Apartments offers a high-yield multifamily acquisition in the thriving Broadmoor neighborhood of Baton Rouge, Louisiana. This incredible opportunity, located at 1718 Boulevard De Province, includes 76 apartment units in a popular, garden-style community, fully stabilized at 96% occupancy.
Originally built in 1974, Myrtle Place Apartments has been extensively renovated and updated over the years. It spans a total of 14 buildings and 71,200 square feet, with 13 buildings offering apartment units and one building serving as an on-site office, laundry facilities, and a manager’s apartment. The buildings are situated on a total of 4.19 acres, featuring attractive landscaping and ample surface parking for 120 vehicles.
Situated just off Old Hammond Highway and 1.2 miles from Interstate 12, Myrtle Place Apartments enjoy exceptional connectivity to the greater Baton Rouge region. Tenants are attracted by the community’s convenient access to the area’s largest job centers, including Turner Industries, Blue Cross Blue Shield of Louisiana, and Louisiana State University. The apartments also place residents within easy reach of essential amenities, with industry-leading shopping and dining brands within 10 minutes of the property, including Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, Zaxby’s, and many more.
Investors will be able to capitalize on significant value-add potential with the acquisition of Myrtle Place Apartments, thanks to its location within a thriving multifamily submarket. Rents in the area have grown an average of 2.7% annually during the past five years. No new inventory is currently under construction in the area, limiting supply-side competition and ensuring stable demand in the coming years.
Myrtle Place Apartments receives strong support from a large population of more than 158,000 within 5 miles of the property. These residents earn an average household income of more than $84,000, and with more than 43% renting their homes, the area generated annual consumer spending of more $1.8 billion during 2024, including over $304 million spent on household segments.
Offering a stable, high-yield residential investment with a premier location with access to major highways and quality amenities, Myrtle Place Apartments delivers the perfect choice for investors looking to enter or expand in Baton Rouge.
Property tours are by appointment only. Please contact the listing broker to schedule.
Originally built in 1974, Myrtle Place Apartments has been extensively renovated and updated over the years. It spans a total of 14 buildings and 71,200 square feet, with 13 buildings offering apartment units and one building serving as an on-site office, laundry facilities, and a manager’s apartment. The buildings are situated on a total of 4.19 acres, featuring attractive landscaping and ample surface parking for 120 vehicles.
Situated just off Old Hammond Highway and 1.2 miles from Interstate 12, Myrtle Place Apartments enjoy exceptional connectivity to the greater Baton Rouge region. Tenants are attracted by the community’s convenient access to the area’s largest job centers, including Turner Industries, Blue Cross Blue Shield of Louisiana, and Louisiana State University. The apartments also place residents within easy reach of essential amenities, with industry-leading shopping and dining brands within 10 minutes of the property, including Walmart Supercenter, Target, Lowe’s, Best Buy, PetSmart, Starbucks, Chick-fil-A, Chili’s, Zaxby’s, and many more.
Investors will be able to capitalize on significant value-add potential with the acquisition of Myrtle Place Apartments, thanks to its location within a thriving multifamily submarket. Rents in the area have grown an average of 2.7% annually during the past five years. No new inventory is currently under construction in the area, limiting supply-side competition and ensuring stable demand in the coming years.
Myrtle Place Apartments receives strong support from a large population of more than 158,000 within 5 miles of the property. These residents earn an average household income of more than $84,000, and with more than 43% renting their homes, the area generated annual consumer spending of more $1.8 billion during 2024, including over $304 million spent on household segments.
Offering a stable, high-yield residential investment with a premier location with access to major highways and quality amenities, Myrtle Place Apartments delivers the perfect choice for investors looking to enter or expand in Baton Rouge.
Property tours are by appointment only. Please contact the listing broker to schedule.
VISITES 3D MATTERPORT
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- Operating and Financials
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- Third Party Reports
- Title and Insurance
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 1,71 ha |
| Condition de vente | Vente aux enchères | Surface de l’immeuble | 6 615 m² |
| Type de propriété | Pleine propriété | Occupation moyenne | 96% |
| Nb de lots | 76 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1974 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,16/1 000 m² |
| Style d’appartement | Avec jardin | Numéro de parcelle | 00950343 |
| Classe d’immeuble | C | ||
| Zonage | R-4 | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Nb de lots | 76 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 1,71 ha |
| Surface de l’immeuble | 6 615 m² |
| Occupation moyenne | 96% |
| Nb d’étages | 2 |
| Année de construction | 1974 |
| Ratio de stationnement | 0,16/1 000 m² |
| Zonage | R-4 |
| Numéro de parcelle | 00950343 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Lave-vaisselle
- Broyeur d’ordures
- Ventilateurs de plafond
- Cuisine
- Cuisinière
- Salle à manger
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Système de sécurité
- CVC contrôlé par l’occupant
- Sans tabac
- Collecte d’ordures – Sur rue
- Détecteur de fumée
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À PROPOS DU QUARTIER FORÊT DE SHERWOOD
La proximité des autoroutes est un atout majeur pour les locataires de Sherwood Forest, qui fait partie de l'East Baton Rouge Parish, la paroisse la plus peuplée de Louisiane. Les principales artères, notamment l'Interstate 110, l'Interstate 12 et la Louisiana Highway 37, permettent d'accéder facilement à des pôles d'emploi tels que Downtown Baton Rouge, qui se trouve à moins de 20 minutes en voiture. Downtown Baton Rouge accueille des entreprises telles qu'Aptim Corp, une société de services spécialisée dans des secteurs allant de l'ingénierie à la gestion de programmes, la Louisiana Workforce Commission et le consultant en ingénierie AECOM.
Les locataires du quartier ont accès à plusieurs supermarchés, restaurants et centres commerciaux locaux à quelques minutes de la zone, notamment Sherwood Plaza, Sherwood South Shopping Center et Florida East Plaza Shopping Center.
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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CONTACT POUR LES ENCHÈRES
Keisha Hartshorn
Contact
Licence du commissaire-priseur :
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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VISITES 3D MATTERPORT
PHOTOS
STREET VIEW
RUE
CARTE
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Présenté par
High Pointe Realty
Stabilized High-Yield Multifamily Investment | 1718 Boulevard De Province
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Présenté par
Stabilized High-Yield Multifamily Investment | 1718 Boulevard De Province
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