REO Sale | The Palms Apartments | 5665 McClelland Dr
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REO Sale | The Palms Apartments 5665 McClelland Dr 75 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Baton Rouge, LA 70805
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Prime 75-unit apartment property comprising six buildings with an on-site laundry facility and an attractive courtyard over 2.72 acres in Baton Rouge.
- Sought-after value-add opportunity nearing stabilization with premium upside through lease-ups at lucrative multifamily submarket rental rates.
- Incredibly located only 12 minutes from downtown, close to popular amenities such as Walmart, Aldi, Dollar General, McDonald’s, and more.
- Beneficially encircled by a dense population with an annual spending power of nearly $1.2 billion and a daytime employment of over 101,000 employees.
RÉSUMÉ ANALYTIQUE
Discover The Palms Apartments, a notable residential gem located at 5665 McClelland Drive, which is excellently located in Baton Rouge, Louisiana. Built in 1970, this charming property is situated off the major thoroughfare, Airline Highway, offering easy access and visibility. The property's proximity to Airline Highway not only ensures convenience for daily commutes but also places residents within easy reach of local amenities and services. Spread across 2.72 acres, The Palms Apartments has 75 units across six buildings, making it a cozy community with a welcoming atmosphere. The Palms Apartments stands at an impressive 55,737 square feet, providing spacious and comfortable living spaces for its residents. The inclusion of an on-site laundry facility adds to the convenience and desirability of the property, catering to the everyday needs of the residents.
5665 McClelland Drive is advantageously positioned within a dynamic and growing area just 12 minutes outside Downtown Baton Rouge, offering convenient access to local amenities and business hubs, making it an attractive option for residents. Excellently encompassing the property is a robust population of 136,774 residents that brings in an average household income of more than $57,000 living within a 5-mile radius. These residents are joined by a dense daytime employment of 101,187 employees who may choose to live close to work and have an impressive annual spending power of about $1.2 billion. Major retailers and eateries also surround the property within this mileage, providing exceptional accessibility to tenants and visitors. Popular nearby amenities include Walmart Supercenter, Aldi, Albertsons, Planet Fitness, Dollar General, McDonald’s, Chick-fil-A, Checkers, and many more.
The property is near stabilization at 64% leased, indicating a steady occupancy rate and consistent rental income, a key factor for investors seeking a reliable investment. The Palms Apartments is strategically situated within the Downtown Baton Rouge multifamily submarket, which has experienced an ideal increase in average year-over-year rental rates by 1.6%, trending higher than the metro-wide average of 1.3%. This presents a new investor with the valuable opportunity to unveil upside through the lease-up of the remaining suites and market rents.
Property tours are available by appointment only. Please contact the broker to schedule.
5665 McClelland Drive is advantageously positioned within a dynamic and growing area just 12 minutes outside Downtown Baton Rouge, offering convenient access to local amenities and business hubs, making it an attractive option for residents. Excellently encompassing the property is a robust population of 136,774 residents that brings in an average household income of more than $57,000 living within a 5-mile radius. These residents are joined by a dense daytime employment of 101,187 employees who may choose to live close to work and have an impressive annual spending power of about $1.2 billion. Major retailers and eateries also surround the property within this mileage, providing exceptional accessibility to tenants and visitors. Popular nearby amenities include Walmart Supercenter, Aldi, Albertsons, Planet Fitness, Dollar General, McDonald’s, Chick-fil-A, Checkers, and many more.
The property is near stabilization at 64% leased, indicating a steady occupancy rate and consistent rental income, a key factor for investors seeking a reliable investment. The Palms Apartments is strategically situated within the Downtown Baton Rouge multifamily submarket, which has experienced an ideal increase in average year-over-year rental rates by 1.6%, trending higher than the metro-wide average of 1.3%. This presents a new investor with the valuable opportunity to unveil upside through the lease-up of the remaining suites and market rents.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financial Statements
- Sample Lease
- Purchase Agreement
- Third Party Reports
- Title & Insurance
- Site Map & Zoning
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Classe d’immeuble | C |
| Condition de vente | Vente aux enchères | Surface du lot | 1,1 ha |
| Type de propriété | Pleine propriété | Surface de l’immeuble | 5 178 m² |
| Nb de lots | 75 | Occupation moyenne | 64% |
| Type de bien | Immeuble residentiel | Nb d’étages | 2 |
| Sous-type de bien | Appartement | Année de construction | 1970 |
| Style d’appartement | Avec jardin | Ratio de stationnement | 0,17/1 000 m² |
| Zonage | B1 | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Nb de lots | 75 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 1,1 ha |
| Surface de l’immeuble | 5 178 m² |
| Occupation moyenne | 64% |
| Nb d’étages | 2 |
| Année de construction | 1970 |
| Ratio de stationnement | 0,17/1 000 m² |
| Zonage | B1 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Balcon
- Prêt pour le câble
- Chauffage
- Cuisine
- Réfrigérateur
- Cuisinière
- Baignoire/Douche
- Accessible aux fauteuils roulants (chambres)
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Cour
- Laverie
- Sans tabac
- Entretien sur site
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TAXES FONCIÈRES
| Numéro de parcelle | 00413623 | Évaluation des aménagements | 87 047 € |
| Évaluation du terrain | 15 846 € | Évaluation totale | 102 893 € |
TAXES FONCIÈRES
Numéro de parcelle
00413623
Évaluation du terrain
15 846 €
Évaluation des aménagements
87 047 €
Évaluation totale
102 893 €
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Mark Segalla, Senior Advisor / Associate Director of Brokerage
Mark Segalla is Associate Director of Brokerage at JRE, where he focuses on investment sales and multifamily transactions across the Gulf South. With over $100 million in closed transaction volume in recent years, Mark brings strong market knowledge, valuation expertise and a data-driven approach to every deal.
He works with a wide range of clients including private investors, institutional owners, and lenders. He helps to identify opportunities, structure transactions and build long-term real estate portfolios. Known for his responsiveness, transparency and commitment to execution, Mark prides himself on earning trust and delivering results.
Mark has been the lead speaker for the multifamily division at the GBRAR Baton Rouge Trends Conference for the last 2 years. Through extensive market research for this speech, he has compiled rental, sale, and new development multifamily data over the past few years which greatly assist in his everyday work with his clients.
Mark is a Baton Rouge native and graduate of Louisiana State University. He is an active member on the A.C. Lewis YMCA Board of directors. He is married to his high school sweetheart, Shelby, and enjoys golf, LSU sports, and traveling.
He works with a wide range of clients including private investors, institutional owners, and lenders. He helps to identify opportunities, structure transactions and build long-term real estate portfolios. Known for his responsiveness, transparency and commitment to execution, Mark prides himself on earning trust and delivering results.
Mark has been the lead speaker for the multifamily division at the GBRAR Baton Rouge Trends Conference for the last 2 years. Through extensive market research for this speech, he has compiled rental, sale, and new development multifamily data over the past few years which greatly assist in his everyday work with his clients.
Mark is a Baton Rouge native and graduate of Louisiana State University. He is an active member on the A.C. Lewis YMCA Board of directors. He is married to his high school sweetheart, Shelby, and enjoys golf, LSU sports, and traveling.
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
Jameson Kuykendall
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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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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REO Sale | The Palms Apartments | 5665 McClelland Dr
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REO Sale | The Palms Apartments | 5665 McClelland Dr
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