Listed by Marcus & Millichap - Baton Rouge
$6,520,000
River Park Apartment
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 43,300
Units 50
Cap Rate 8.00%
NOI $52,167
Year Built 1966
Year Renovated 2022
Stories 2
Acreage 4.110
Zoning Opportunity
Multifamily | 8.00% CAP | 50 Units
Marketing description
River Park Apartments is a fully renovated 50-unit garden-style multifamily property located in Hahnvillle, LA. The property underwent complete interior and exterior renovations in 2022 with no deferred maintenance. Features include 2-story masonry construction, surface parking with 75 spaces (1.50/unit), on-site laundry, laundry, and management potential. Additional land provides expansion, amenity, or monetization upside.. Located in a designated Opportunity Zone.
Investment highlights
- 50 units across 2 stories
- Masonry construction
- Surface parking: 75 spaces
- On-site laundry facilities
- FuIly renovated 2022
- No deferred maintenanee
- Opportunity Zone location
- Additional land for expansion
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,167.00
$4,347.25/mo
Valuation Metrics
0
DSCR
0.8%
Cap Rate
0.8%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
