Fully Occupied Multifamily Opportunity at LSU

For Sale

325 E State St, Baton Rouge, LA 70802

This Baton Rouge property for sale is located at 325 E State St. The current listed sale price for Fully Occupied Multifamily Opportunity at LSU is $930,000.

Contacts

broker

Mark Segalla

ELIFIN®

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 15
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Jun 12, 2024
3-A (325 E State St) 4-A (339 E State St) 5 (345, 349 E State St)Now available for sale, this portfolio includes 3 adjacent properties at the LSU Northgates on E State St. All of the portfolio units are comprised of 1 bed / 1 bath. All 3 properties are currently 100% occupied. The properties include ample off-street parking. The portfolio currently has numerous long term tenants paying below market rate creating the opportunity to increase rents. All tenants pay their energy. Currently, the landlord covers all water / sewer. All of the units have central A/C with the exception of 1 unit. All units use on-site coin operated laundry facility. 325 E State St is a 6-plex. The interiors have been updated over the last few years and there are 3 brand new A/C units. 339 E State St is a single-family home transformed into a fourplex. 345-349 E State St is comprised of a fourplex and a single family house. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

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Highlights

  • 100% Occupied
  • 3 Adjacent properties at the LSU Northgates on E State St
  • Long term tenants paying below market rate – rent increase opportunity
  • Units are separately metered, all tenants pay energy

Getting around

  • 63/100

    Walk Score ®

  • 65/100

    Bike Score ®

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Location

  • City Baton Rouge, LA
  • Neighborhood South Baton Rouge
  • Zip Code 70802
  • Market Baton Rouge

Points of Interest

  • Shell

    0.15 miles

  • Chevron

    0.27 miles

  • Circle K

    1.18 miles

  • Valero

    1.19 miles

  • Tesla Supercharger

    1.20 miles

  • Citigo

    1.29 miles

  • Exxon

    1.46 miles

  • Mobile

    1.59 miles

  • Green Park

    2.32 miles

  • ChargePoint

    3.87 miles

  • Thomas Boyd Lot

    0.39 miles

  • Lot P

    0.51 miles

  • Student Union Lots

    0.55 miles

  • Lot J

    0.57 miles

  • Lot Q

    0.62 miles

  • Lot M

    0.66 miles

  • Lot L

    0.68 miles

  • Lot R

    0.75 miles

  • Parking 3A

    1.60 miles

  • Belle of Baton Rouge - Mayflower

    1.72 miles

  • The Cook Hotel

    0.47 miles

  • Staybridge Suites Baton Rouge-Univ at Southgate

    1.32 miles

  • Sonesta ES Suites

    1.35 miles

  • Courtyard Baton Rouge Acadian Centre/LSU Area

    1.49 miles

  • La Quinta Inn Baton Rouge University Area

    1.53 miles

  • Radisson Hotel Baton Rouge

    1.54 miles

  • Belle of Baton Rouge Hotel

    1.84 miles

  • WATERMARK Baton Rouge, Autograph Collection

    2.15 miles

  • Econo Lodge

    2.17 miles

  • Hampton Inn & Suites

    2.18 miles

  • Bet-R

    0.94 miles

  • Trader Joe's

    1.25 miles

  • Walmart Neighborhood Market

    1.83 miles

  • Walmart Supercenter

    1.87 miles

  • Albertsons

    1.97 miles

  • Sprouts Farmers Market

    2.14 miles

  • Rouses Market

    2.16 miles

  • Calandro's Supermarket

    2.32 miles

  • Connell's Village Shopping Center

    5.18 miles

  • Burlington

    5.35 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Mark Segalla

ELIFIN®