For Sale $490,000
Property Type Multi-Family
Property Size 1 SF
Units 8
Property Tenancy Multi-Tenant
Date Updated Jan 22, 2024

721116 W Chimes St comprises 8 units. The units are currently 62.5% occupied, allowing potential for value-add through thorough renovations and amenity upgrades. Some recent upgrades. New TPO roof as of 2018. Major interior renovations to 4 units, minor renovations to other 4 units. Dedicated, off-street parking for tenants. The property is located in a subdivision just outside of LSU Campus, creating opportunity to capitalize on the student and staff population of ±42,414. Property is located in a convenient location just ±4 minutes off of I-10, making it easily accessible for tenants and the landlord. This property is also available as a package with two neighboring properties (24 additional units, 32 units total). Contact agent for more information. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Privileged Documents” 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

Significant value-add potential
Dedicated, off-street parking
Located just outside of LSU Campus – Student / staff population of ±42,414
Available as a package with neighboring properties (24 additional units, 32 units total)

Contacts

Mark Segalla

ELIFIN®

(225) 505-4349

Location

Getting Around

Walk Score ®
58/100 Somewhat Walkable
Bike Score ®
73/100 Very Bikeable

Map
Street

City Baton Rouge, LA
Neighborhood College Park - Magnolia Place
Zip Code 70802
Market Baton Rouge

Points of Interest

Chevron

0.76 miles
Shell

0.82 miles
Exxon

1.59 miles
RaceTrac

1.60 miles
Circle K

2.13 miles
Tesla Supercharger 1B

2.14 miles
Tesla Supercharger 1A

2.14 miles
Tesla Supercharger 2A

2.14 miles
Tesla Supercharger 2B

2.14 miles
Tesla Supercharger 3A

2.14 miles

Lot M

0.40 miles
Lot L

0.42 miles
Lot J

0.61 miles
Lot P

0.62 miles
Lot Q

0.69 miles
Thomas Boyd Lot

0.74 miles
Lot R

0.86 miles
Student Union Lots

0.92 miles
Parking 3A

1.27 miles
West River Center Parking Garage

1.69 miles

The Cook Hotel

1.27 miles
Staybridge Suites Baton Rouge-Univ at Southgate

1.41 miles
Magnuson Hotel Port Allen

1.57 miles
Belle of Baton Rouge Hotel

1.61 miles
Holiday Inn Express Baton Rouge Downtown

1.90 miles
WATERMARK Baton Rouge, Autograph Collection

1.99 miles
Hotel Indigo Baton Rouge Downtown

2.01 miles
Hilton Baton Rouge Capitol Center

2.03 miles
Courtyard by Marriott Baton Rouge Downtown

2.06 miles
Hampton Inn & Suites Baton Rouge Downtown

2.20 miles

The Simple Greek

0.47 miles
Newk's Eatery

0.65 miles
Louie's Cafe

0.66 miles
Subway

0.68 miles
Wienerschnitzel

0.72 miles
Burger King

0.74 miles
Little Caesars

0.74 miles
Chinese Combo King

0.75 miles
Kami Nari Sushi and Hibachi

0.75 miles
Pita Pit

0.76 miles

University Terrace Elementary School

0.46 miles
Charity Christian Academy School

0.49 miles
Polk Elementary School

0.90 miles
Louisiana State University

0.96 miles
McKinley High School

1.04 miles
Buchanan Elementary School

1.12 miles
Frazier Campus

1.26 miles
McKinley Middle Magnet School

1.36 miles
Saint Francis Xavier Catholic School

1.50 miles
Foreign Language Academic Immersion Magnet

1.55 miles

Unique Care Learning Center LLC

3.10 miles
Southside Daycare & Early Learning Center

3.11 miles
The Learning Center

6.55 miles

Frequently Asked Questions

What is the lease rate for Value-Add Multifamily Opportunity just off LSU Campus?

Rental asking rate at Value-Add Multifamily Opportunity just off LSU Campus is $245,000.00/YR.

What is the total square footage of Value-Add Multifamily Opportunity just off LSU Campus?

Value-Add Multifamily Opportunity just off LSU Campus totals 1 square feet.

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