For Sale
$158,000

1043 Monet DrBaton Rouge, LA 70806

Four-unit apartment building, vacant, ready to finish.

Overview

Added:
Dec 11, 2024
Days on market:
112
This 3,256 square foot, two-story apartment building located at 1043 Monet Dr, Baton Rouge, LA 70806, presents a compelling redevelopment opportunity. The property, built in 1970, sits on a 0.22-acre lot and is zoned A4. Currently vacant with an occupancy date of September 24, 2024, this Class C multifamily investment is priced at $158,000. The building has undergone significant renovations, including cleaning, reframing, a new roof, new doors and windows, and new framing. The four units comprise three one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. The property is located in an established apartment community north of Florida Boulevard and is not in a flood zone. Projected rental income estimates range from $600-$800 per month for one-bedroom units and $800-$1000 per month for the two-bedroom unit. This Opportunity Zone property offers significant potential for a builder to complete the renovations and capitalize on the strong rental market.

Highlights

  • Fourplex nearing completion, ready for final build-out.
  • Interior framing and drywall complete, property cleaned.
  • New roof installed.
  • New exterior doors, windows, and framing.
  • Unit mix: three one-bedroom/one-bath units and one two-bedroom/one-bath unit.
  • Located outside flood zone.

Property Details for 1043 Monet Dr

Property type
Apartment buildings
Square Feet
3,256 SF
Class
C
Year Built
1970
Buildings
1
Stories
2
Lot Size (sq. ft)
9,583 SF
Units
4

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4594351
Longitude
-91.1176504
1043 Monet Dr, Baton Rouge, Louisiana

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1043 Monet Dr
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