Fully Occupied Multifamily Investment off Old Hammond Hwy

For Sale

14024, 14044, 14054 Azalea Park Ave, Baton Rouge, LA 70816

This Baton Rouge property for sale is located at 14024, 14044, 14054 Azalea Park Ave. The current listed sale price for Fully Occupied Multifamily Investment off Old Hammond Hwy is $840,000. Fully Occupied Multifamily Investment off Old Hammond Hwy is situated on a lot that is 0.55 acre in size.

Contacts

broker

Perry Musgrow

ELIFIN®

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 12
  • Lot Size 0.55 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1981
  • Date Updated Jun 5, 2024
Lots 20-A, 19-A, 18Now available for sale, 14024, 14044, and 14054 Azalea Park Ave consists of three fourplex buildings, totaling 12 units on separate parcels. The property is 100% occupied, boasting an annual gross rental income of $105,300. This opportunity is situated just off Old Hammond Hwy near Millerville Rd, providing excellent access to I-10 and proximity to major retailers like Target, Best Buy, and Starbucks. The units feature durable ceramic tile flooring, enhancing both the aesthetic and functionality. 8 units are equipped with stackable washers and dryers provided by the owner, while the remaining 4 offer side-by-side washer and dryer connections. The roofs were replaced 5 years ago and all ground-floor units are upgraded with Thermopane windows for improved energy efficiency. Each fourplex benefits from designated off-street parking. This offering represents a stable income-producing asset with potential for full occupancy in a sought-after location, making it an attractive option for investors looking to expand their portfolio in the Baton Rouge area.

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Highlights

  • 100% Occupied
  • Sought-after location with excellent access and amenities
  • Roofs were replaced 5 years ago
  • Ceramic tile throughout, washer and dryer included in most units

Getting around

  • 56/100

    Walk Score ®

  • 44/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Baton Rouge, LA
  • Neighborhood Sherwood Forest
  • Zip Code 70816
  • Market Baton Rouge

Points of Interest

  • Murphy USA

    1.61 miles

  • Shell

    3.00 miles

  • Shell

    3.17 miles

  • Costco Gasoline

    3.36 miles

  • Sam's Club

    3.82 miles

  • RaceTrac

    4.29 miles

  • Pilot Travel Center

    4.33 miles

  • Murphy USA

    4.38 miles

  • Exxon

    4.38 miles

  • RaceTrac

    4.39 miles

  • Parkhaus

    3.71 miles

  • Bon Carre Parking

    5.11 miles

  • Faculty Parking

    5.47 miles

  • Parking Garage 2

    5.59 miles

  • Parking Lot 1

    5.69 miles

  • Parking Lot 2

    5.71 miles

  • Parking Lot 4

    5.89 miles

  • Student Union Lots

    9.19 miles

  • Thomas Boyd Lot

    9.19 miles

  • Insurance Building Parking

    9.27 miles

  • La Quinta Inn & Suites by Wyndham Baton Rouge Denham Springs

    1.37 miles

  • Quality Suites Baton Rouge East - Denham Springs

    1.42 miles

  • Value Place Baton Rouge (East)

    1.88 miles

  • Super 8 by Wyndham Baton Rouge/I-12

    2.00 miles

  • Baymont by Wyndham Baton Rouge

    2.12 miles

  • Red Roof Inn Baton Rouge

    2.15 miles

  • Crossland Economy Studios - Baton Rouge - Sherwood Forest

    2.19 miles

  • Clarion Inn

    2.33 miles

  • Sleep Inn Baton Rouge East I-12

    3.03 miles

  • Microtel Inn & Suites by Wyndham Baton Rouge

    3.05 miles

  • Target

    0.78 miles

  • Walmart Supercenter

    1.69 miles

  • Walmart Neighborhood Market

    2.84 miles

  • Hi Nabor Supermarket

    2.93 miles

  • Walmart Neighborhood Market

    3.12 miles

  • Albertsons

    3.14 miles

  • Walmart Neighborhood Market

    3.14 miles

  • Our Daily Bread

    3.21 miles

  • Hi Nabor Supermarket

    3.22 miles

  • Albertsons

    3.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Perry Musgrow

ELIFIN®