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26691750
26691751

1701 Ryder Dr, 1835 Southpointe Dr, Baton Rouge, LA 70808

MS
LA SALE.995699471‑ACT, LA 0995699471
JRE Brokerage
Listed by JRE Brokerage
$1,290,000
286 days on market
Updated 92 days ago

Stabilized Multifamily Portfolio near Health Corridor

Details
APN 30827002, 30827002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,142
Pro-Forma NOI $103,522
Buildings 2
Stories 2
Zoning C2 – Heavy Commercial

Multifamily

Marketing description

This stabilized, income-producing multifamily portfolio is located near the Baton Rouge Health Corridor.

The portfolio consists of 15 total units– 7 at Ryder Drive and 8 at Southpointe Drive. Each unit features a 2-bedroom, 1.5-bath layout, updated interior, and off-street parking.

The properties generate a combined Pro Forma Net Operating Income of $103,522 at a blended cap rate of 8.02%.

Positioned within 500 feet of each other, both assets are located just 2 minutes from the Perkins Road and Essen Lane intersection, with excellent access to I-10 (4 mins) and I-12 (5 mins).

The portfolio sits just outside of Baton Rouge’s expanding health corridor, supported by tenant demand and long-term employment drivers.

Available as a combined offering or individual acquisitions.

Offering Memorandum https://buildout.com/sharing/1701-ryder-dr-1835-southpointe-dr?file=3886418

Listing Contacts

MS
LA SALE.995699471‑ACT, LA 0995699471
JRE Brokerage
Listed by JRE Brokerage

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Additional Information

Name
Mark Segalla
License
SALE.995699471‑ACT
Brokerage
JRE Brokerage
Brokerage Phone
225-753-3573
Title
Senior Advisor / Associate Director of Brokerage
Brokerage Address
16161 Perkins Road
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