REO 75-Unit Apartment Complex: The Palms Apartments

5665 McClelland Dr, Baton Rouge, LA 70805

  • For Sale $4,529,062
  • Property Type Multi-Family
  • Property Size 66,884 SF
  • Units 75
  • Date Updated Mar 9, 2024
-Discover The Palms Apartments, a notable residential gem located at 5665 McClelland Dr, Baton Rouge, LA 70805. This charming property, built in 1970, is situated just off Airline Highway, a major thoroughfare, offering easy access and visibility. Spread across 2.72 acres, The Palms Apartments consists of 75 units housed within 6 buildings, making it a cozy community with a welcoming atmosphere. The Palms Apartments boasts a gross building area of 66,884 SF and a net rentable area of 55,737 SF, providing spacious and comfortable living spaces for its residents. 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. The property is near stabilized, indicating a steady occupancy rate and consistent rental income, a key factor for investors seeking a reliable investment. Additionally, the inclusion of an onsite laundry facility adds to the convenience and desirability of the property, catering to the everyday needs of the residents.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Mark Segalla

ELIFIN®

(225) 505-4349

Location

Getting Around

  • Walk Score ®

    62/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Baton Rouge, LA
  • Neighborhood Woodlawn - St. Gerard Place
  • Zip Code 70805
  • Market Baton Rouge

Points of Interest

  • RaceTrac

    1.70 miles

  • RaceTrac

    2.98 miles

  • Murphy USA

    3.94 miles

  • Green Park

    4.51 miles

  • ChargePoint

    5.01 miles

  • Valero

    5.19 miles

  • Chevron

    5.25 miles

  • Tesla Supercharger 3B

    5.47 miles

  • Tesla Supercharger 3A

    5.47 miles

  • Tesla Supercharger 2B

    5.47 miles

  • Bon Carre Parking

    3.37 miles

  • Claiborne Garage

    4.20 miles

  • Insurance Building Parking

    4.27 miles

  • State Capitol Northwest Lot

    4.30 miles

  • Galvez Garage

    4.51 miles

  • State Welcome Center Parking Garage

    4.64 miles

  • LaSalle Garage

    4.65 miles

  • Parkhaus

    4.69 miles

  • East River Center Parking Garage

    5.01 miles

  • West River Center Parking Garage

    5.04 miles

  • SpringHill Suites by Marriott Baton Rouge North/Airport

    1.76 miles

  • Days Inn by Wyndham Baton Rouge Airport

    1.79 miles

  • Microtel Inn & Suites by Wyndham Baton Rouge Airport

    1.81 miles

  • Hilton Garden Inn Baton Rouge Airport

    1.83 miles

  • Comfort Inn & Suites Airport

    2.54 miles

  • SureStay Plus Hotel by Best Western Baton Rouge

    3.38 miles

  • The Shades Motel

    3.40 miles

  • Alamo Plaza Motel

    3.52 miles

  • Value Place Baton Rouge (North)

    3.54 miles

  • Hampton Inn & Suites Baton Rouge Downtown

    4.69 miles

  • Sonic

    1.67 miles

  • IHOP

    1.72 miles

  • Smoothie King

    1.74 miles

  • Domino's

    1.75 miles

  • Burger King

    1.78 miles

  • Subway

    1.80 miles

  • McDonald's

    3.50 miles

  • Gov't Taco

    3.89 miles

  • Raising Cane's

    4.17 miles

  • Wingstop

    4.58 miles

  • Claiborne Elementary School

    0.51 miles

  • Baton Rouge Marine Institute Alternative School

    0.52 miles

  • Merrydale Elementary School

    0.79 miles

  • Redemptorist Catholic Diocesan High School

    0.82 miles

  • Redemptorist Catholic Diocesan Junior High School

    0.82 miles

  • Martin L King Jr Christian Academy School

    0.83 miles

  • Airline Christian Academy

    0.84 miles

  • Brookstown Elementary School

    0.85 miles

  • Glen Oaks Middle School

    0.95 miles

  • Saint Gerard Majella Elementary School

    0.99 miles

  • Unique Care Learning Center LLC

    3.58 miles

  • Southside Daycare & Early Learning Center

    5.69 miles

  • The Learning Center

    8.99 miles

Frequently Asked Questions

What is the lease rate for REO 75-Unit Apartment Complex: The Palms Apartments?

Rental asking rate at REO 75-Unit Apartment Complex: The Palms Apartments is $2,264,531.00/YR.

What is the total square footage of REO 75-Unit Apartment Complex: The Palms Apartments?

REO 75-Unit Apartment Complex: The Palms Apartments totals 66,884 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Mark Segalla

ELIFIN®

(225) 505-4349