REO 75-Unit Apartment Complex: The Palms Apartments

For Sale

5665 McClelland Dr, Baton Rouge, LA 70805

This Baton Rouge property for sale is located at 5665 McClelland Dr. The current listed sale price for REO 75-Unit Apartment Complex: The Palms Apartments is $4,529,062.

Contacts

broker

Mark Segalla

ELIFIN®

Property Details

  • Property Type Multi-Family
  • Property Size 66,884 SF
  • Units 75
  • Additional Rent Contact for pricing
  • Date Updated Mar 9, 2024
-Discover The Palms Apartments, a notable residential gem located at 5665 McClelland Dr, Baton Rouge, LA 70805. This charming property, built in 1970, is situated just off Airline Highway, a major thoroughfare, offering easy access and visibility. Spread across 2.72 acres, The Palms Apartments consists of 75 units housed within 6 buildings, making it a cozy community with a welcoming atmosphere. The Palms Apartments boasts a gross building area of 66,884 SF and a net rentable area of 55,737 SF, providing spacious and comfortable living spaces for its residents. The property's proximity to Airline Highway not only ensures convenience for daily commutes but also places residents within easy reach of local amenities and services. The property is near stabilized, indicating a steady occupancy rate and consistent rental income, a key factor for investors seeking a reliable investment. Additionally, the inclusion of an onsite laundry facility adds to the convenience and desirability of the property, catering to the everyday needs of the residents.

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Getting around

  • 62/100

    Walk Score ®

  • 48/100

    Bike Score ®

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Location

  • City Baton Rouge, LA
  • Neighborhood Woodlawn - St. Gerard Place
  • Zip Code 70805
  • Market Baton Rouge

Points of Interest

  • RaceTrac

    1.70 miles

  • RaceTrac

    2.98 miles

  • Murphy USA

    3.96 miles

  • Green Park

    4.52 miles

  • ChargePoint

    5.01 miles

  • Valero

    5.19 miles

  • Chevron

    5.25 miles

  • Tesla Supercharger 3B

    5.47 miles

  • Tesla Supercharger 3A

    5.47 miles

  • Tesla Supercharger 2B

    5.47 miles

  • Bon Carre Parking

    3.37 miles

  • Claiborne Garage

    4.20 miles

  • Insurance Building Parking

    4.27 miles

  • State Capitol Northwest Lot

    4.30 miles

  • Galvez Garage

    4.51 miles

  • State Welcome Center Parking Garage

    4.64 miles

  • LaSalle Garage

    4.65 miles

  • Parkhaus

    4.69 miles

  • East River Center Parking Garage

    5.01 miles

  • West River Center Parking Garage

    5.04 miles

  • SpringHill Suites by Marriott Baton Rouge North/Airport

    1.76 miles

  • Days Inn by Wyndham Baton Rouge Airport

    1.79 miles

  • Microtel Inn & Suites by Wyndham Baton Rouge Airport

    1.81 miles

  • Hilton Garden Inn Baton Rouge Airport

    1.83 miles

  • Comfort Inn & Suites Airport

    2.54 miles

  • SureStay Plus Hotel by Best Western Baton Rouge

    3.38 miles

  • The Shades Motel

    3.40 miles

  • Alamo Plaza Motel

    3.52 miles

  • Value Place Baton Rouge (North)

    3.54 miles

  • Hampton Inn & Suites Baton Rouge Downtown

    4.69 miles

  • Tony's Seafood

    1.15 miles

  • Walmart Supercenter

    3.78 miles

  • Albertsons

    3.89 miles

  • Red Stick Spice Co.

    3.99 miles

  • Calandro's Supermarket

    4.04 miles

  • Connell's Village Shopping Center

    4.49 miles

  • Our Daily Bread

    4.50 miles

  • Hi Nabor Supermarket

    4.72 miles

  • Whole Foods Market

    4.99 miles

  • Bet-R

    5.41 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

Mark Segalla

ELIFIN®