Listed by Marcus & Millichap - Baton Rouge
Unpriced
The Melrose
Details
Property Type Multifamily
Sub Type Apartment Building
Units 216
NOI $52,646
Occupancy 56.2%
Pro-Forma NOI $1,081,750
Year Built 1973
Acreage 11.320
Multifamily | 216 Units
Investment highlights
- Northwestern State University
- Proximity - 8,500+ Students
- $520M Annual Economic Impact
- Strong Rent Growth Potential
- Immediate Upside from Down Units
- Diverse Unit Mix
- Stable Employment Base
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$52,646.00
$4,387.17/mo
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