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Ryder Drive Apartments 3 Multifamily Properties Offered at $2,882,880 CAD in Baton Rouge, LA
Investment Highlights
- Fully occupied 18-unit multifamily property with 100% occupancy and consistent rental income.
- Each unit features washer and dryer connections, enhancing tenant convenience and retention.
- Located in Baton Rouge, a major economic hub anchored by state government, LSU, healthcare systems, and petrochemical industries.
- Sixteen of eighteen units have been fully renovated with new flooring, countertops, appliances, paint, and fixtures.
- Current ownership covers water, sewer, and trash, with potential to increase NOI by billing back utilities and adjusting rents to market levels.
- Strong projected returns with a 7.7% cap rate and opportunity to achieve $178,304 in annual NOI through operational adjustments.
Executive Summary
Purchasers wishing to make an offer or tour the property are requested to submit a Letter of Intent to purchase and corresponding proof of funds. Property tours will be conducted upon receipt of an acceptable Letter of Intent and proof of funds.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $2,882,880 CAD | Number of Properties | 3 |
| Price / SF | $125.41 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.80% | Total Building Size | 22,988 SF |
| Sale Type | Investment | Total Land Area | 2.15 AC |
| Status | Active |
| Price | $2,882,880 CAD |
| Price / SF | $125.41 CAD / SF |
| Cap Rate | 7.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 22,988 SF |
| Total Land Area | 2.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1731 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 8,836 SF | 1981 | - |
| 1721 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 7,646 SF | 1981 | - |
| 1815 Ryder Dr, Baton Rouge, LA 70808 | Multifamily | 6,506 SF | 1981 | - |
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