100% Occupied Multifamily w. 3.86% Assumable Loan

901 Saint Rose Avenue, Baton Rouge, LA 70806

  • For Sale $3,585,000
  • Property Type Multi-Family
  • Property Size 28,750 SF
  • Units 28
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 15, 2024
Located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park.100% Occupied, 7.0% CAP with an Assumable, Non-Recourse Loan at 3.86% Fixed through 3/31/2032 Gated 28-Unit Complex with high-quality Tenant mix located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park. Since 2016: Approx. $600,000 in Building Improvements Completed Approx. $60,000 in Land Improvements Completed Approx. $90,000 in Equipment Investment Excellent bookkeeping from existing ownership. All Financials will be supplied upon execution of the attached Confidentiality Agreement. 27 of 28 Units have been completely renovated including washer/dryer, granite counters, new flooring and cabinets, new stainless-steel appliances. Trash & Water/Sewer included in rent Twelve (12) 1 bd / 1 ba Sixteen (16) 2 bd / 2 ba Few blocks walk from the newly redeveloped Barracuda Taco stand and numerous other neighborhood bars and restaurants. Contact Agent for Confidenitality Agreement and All Financial Docs 225.907.5214

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Highlights

  • 100% Occupied, 7.0% CAP with an Assumable, Non-Recourse Loan at 3.86% Fixed through 3/31/2032
  • Gated 28-Unit Complex with high-quality Tenant mix located in the Garden District, just minutes from Government Street's numerous food and beverage amenities, LSU, and City Park.
  • Since 2016:
  • Approx. $600,000 in Building Improvements Completed
  • Approx. $60,000 in Land Improvements Completed
  • Approx. $90,000 in Equipment Investment
  • Excellent bookkeeping from existing ownership. All Financials will be supplied upon execution of the attached Confidentiality Agreement.
  • 27 of 28 Units have been completely renovated including washer/dryer, granite counters, new flooring and cabinets, new stainless-steel appliances.
  • Trash & Water/Sewer included in rent
  • Twelve (12) 1 bd / 1 ba
  • Sixteen (16) 2 bd / 2 ba
  • Few blocks walk from the newly redeveloped Barracuda Taco stand and numerous other neighborhood bars and restaurants.
  • Contact Agent for Confidenitality Agreement and All Financial Docs

Contacts

broker

Matthew Shirley

Saurage Rotenberg Commercial Real Estate

(225) 907-5214

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Baton Rouge, LA
  • Neighborhood Roseland Terrace - Kleinert Terrace
  • Zip Code 70806
  • Market Baton Rouge

Points of Interest

  • Chevron

    1.20 miles

  • Tesla Supercharger 3B

    1.23 miles

  • Tesla Supercharger 3A

    1.23 miles

  • Tesla Supercharger 2B

    1.23 miles

  • Tesla Supercharger 2A

    1.24 miles

  • Tesla Supercharger 1B

    1.24 miles

  • Tesla Supercharger 1A

    1.24 miles

  • Circle K

    1.33 miles

  • Green Park

    1.58 miles

  • Chevron

    1.61 miles

  • East River Center Parking Garage

    1.53 miles

  • West River Center Parking Garage

    1.58 miles

  • Galvez Garage

    1.60 miles

  • Parking 3A

    1.70 miles

  • Insurance Building Parking

    1.76 miles

  • LaSalle Garage

    1.80 miles

  • State Welcome Center Parking Garage

    1.88 miles

  • State Capitol Northwest Lot

    1.93 miles

  • Thomas Boyd Lot

    2.00 miles

  • Lot P

    2.09 miles

  • Alamo Plaza Motel

    1.20 miles

  • La Quinta Inn Baton Rouge University Area

    1.24 miles

  • Radisson Hotel Baton Rouge

    1.33 miles

  • Courtyard Baton Rouge Acadian Centre/LSU Area

    1.41 miles

  • Holiday Inn Express Baton Rouge Downtown

    1.52 miles

  • Belle of Baton Rouge Hotel

    1.63 miles

  • WATERMARK Baton Rouge, Autograph Collection

    1.64 miles

  • Courtyard by Marriott Baton Rouge Downtown

    1.66 miles

  • Hotel Indigo Baton Rouge Downtown

    1.72 miles

  • Hilton Baton Rouge Capitol Center

    1.76 miles

  • BLDG 5

    0.97 miles

  • Kalurah Street Grill

    1.00 miles

  • DiGiulio Brothers

    1.03 miles

  • The Overpass Merchant

    1.06 miles

  • George's

    1.07 miles

  • Schlittz & Giggles

    1.14 miles

  • Jimmy John's

    1.14 miles

  • Zippy's Burritos

    1.20 miles

  • Parrain's Seafood

    1.22 miles

  • Frankie's Dawg House

    1.22 miles

  • Catholic High School

    0.36 miles

  • Louisiana Key Academy

    0.39 miles

  • Baton Rouge Magnet High School

    0.39 miles

  • Saint Joseph's Academy School

    0.42 miles

  • Dufrocq Montessori Elementary School

    0.50 miles

  • Louisiana New School Academy

    0.65 miles

  • Sacred Heart of Jesus School

    0.86 miles

  • Baton Rouge Center for Visual and Performing Arts

    0.89 miles

  • McKinley Middle Magnet School

    0.90 miles

  • Saint Francis Xavier Catholic School

    0.92 miles

  • Unique Care Learning Center LLC

    0.91 miles

  • Southside Daycare & Early Learning Center

    2.06 miles

  • The Learning Center

    6.06 miles

  • Creative Kids Fine Arts Academy

    9.98 miles

Frequently Asked Questions

What is the lease rate for 100% Occupied Multifamily w. 3.86% Assumable Loan?

Rental asking rate at 100% Occupied Multifamily w. 3.86% Assumable Loan is $1,792,500.00/YR.

What is the total square footage of 100% Occupied Multifamily w. 3.86% Assumable Loan?

100% Occupied Multifamily w. 3.86% Assumable Loan totals 28,750 square feet.

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Contact Listing Broker

broker

Matthew Shirley

Saurage Rotenberg Commercial Real Estate

(225) 907-5214