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7626 Airline Hwy
Baton Rouge, LA 70814

Fleur Apartments · Multifamily Property For Sale · 118 Units

Investment Highlights

  • $3.6M+ Improvement in Asset Value – Implement Rubs for Electricity and Water, Renovate Units, Start a Cable Contract, Water Conservation Program
  • New 820,000-SF Amazon Distribution Center 2-Miles South – 1,000+ Jobs
  • Double-Digit Cash-on-Cash Returns
  • Proximate to Downtown Baton Rouge and LSU (~35,000 Students)
  • More than Half of the Baton Rouge Population Is Renting (51%) – U.S. Census Bureau
  • 91% Occupied – Opportunity to Acquire a Nearly Fully Leased Asset

PROPERTY FACTS

No. Units 118
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.93 AC
Building Size 54,356 SF
Average Occupancy 70%
No. Stories 2
Year Built 1977
Parking Ratio 2.33/1,000 SF

Unit Amenities

  • Cable Ready
  • Dishwasher
  • Refrigerator
  • Oven
  • Range
  • Grill

Site Amenities

  • Laundry Facilities
  • Pool
  • Grill
  • Online Services

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 76 - 405
1+1 28 - 499
2+1 14 - 686

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00897760
Land Assessment
$16,531
Improvements Assessment
$532,926
Total Assessment
$549,457
  • Listing ID: 25494823

  • Date on Market: 2022-04-18

  • Last Updated:

  • Address: 7626 Airline Hwy, Baton Rouge, LA 70814

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