For Sale
$430,000

3132 Wyoming StBaton Rouge, LA 70802

32 Units, High Occupancy, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 32-unit apartment building in Baton Rouge, Louisiana, presents a compelling investment opportunity. Located at 3132 Wyoming St, 70802, this property boasts a strong 87.5% occupancy rate, offering immediate cash flow and significant value-add potential. The building underwent renovations in 2021, including a complete roof replacement. Tenants enjoy the convenience of dedicated, off-street parking. Its prime location just outside the LSU campus provides access to a substantial student and staff population of approximately 42,414. The property's proximity to I-10 (approximately 4 minutes away) ensures easy accessibility for both tenants and owners. This property is also available for purchase as a package deal with two neighboring properties, adding an additional 24 units for a total of 56 units. Detailed financial information, including rent roll, income, and expense data, is available upon request. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment building in a thriving market with substantial upside potential. The property's strong fundamentals and strategic location make it an ideal investment for both seasoned and emerging real estate investors.

Highlights

  • $430,000 asking price for a 32-unit apartment building.
  • 87.5% occupancy rate.
  • 2021 roof replacement.
  • Dedicated off-street parking.
  • Located near LSU campus, benefiting from a large student and staff population.
  • Potential for value-add through renovations and amenity upgrades.

Property Details for 3132 Wyoming St

Property type
Apartment buildings
Square Feet
1 SF
Year Renovated
2021
Units
32

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4197996
Longitude
-91.1888206
3132 Wyoming St, Baton Rouge, Louisiana

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3132 Wyoming St
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