Value-Add Multifamily Opportunity just off LSU Campus

For Sale

1116 W Chimes St, Baton Rouge, LA 70802

This Baton Rouge property for sale is located at 1116 W Chimes St. The current listed sale price for Value-Add Multifamily Opportunity just off LSU Campus is $490,000.

Contacts

broker

Mark Segalla

ELIFIN®

(225) 505-4349

Property Details

  • Property Type Multi-Family
  • Property Size 1 SF
  • Units 8
  • Property Tenancy Multi-Tenant
  • Date Updated Jan 22, 2024
721116 W Chimes St comprises 8 units. The units are currently 62.5% occupied, allowing potential for value-add through thorough renovations and amenity upgrades. Some recent upgrades. New TPO roof as of 2018. Major interior renovations to 4 units, minor renovations to other 4 units. Dedicated, off-street parking for tenants. The property is located in a subdivision just outside of LSU Campus, creating opportunity to capitalize on the student and staff population of ±42,414. Property is located in a convenient location just ±4 minutes off of I-10, making it easily accessible for tenants and the landlord. This property is also available as a package with two neighboring properties (24 additional units, 32 units total). Contact agent for more information. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Privileged Documents” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

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Highlights

  • Significant value-add potential
  • Dedicated, off-street parking
  • Located just outside of LSU Campus – Student / staff population of ±42,414
  • Available as a package with neighboring properties (24 additional units, 32 units total)

Getting around

  • 58/100

    Walk Score ®

  • 73/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Baton Rouge, LA
  • Neighborhood College Park - Magnolia Place
  • Zip Code 70802
  • Market Baton Rouge

Points of Interest

  • Chevron

    0.76 miles

  • Shell

    0.82 miles

  • Exxon

    1.59 miles

  • RaceTrac

    1.60 miles

  • Circle K

    2.13 miles

  • Tesla Supercharger 1B

    2.14 miles

  • Tesla Supercharger 1A

    2.14 miles

  • Tesla Supercharger 2A

    2.14 miles

  • Tesla Supercharger 2B

    2.14 miles

  • Tesla Supercharger 3A

    2.14 miles

  • Lot M

    0.40 miles

  • Lot L

    0.42 miles

  • Lot J

    0.61 miles

  • Lot P

    0.62 miles

  • Lot Q

    0.69 miles

  • Thomas Boyd Lot

    0.74 miles

  • Lot R

    0.86 miles

  • Student Union Lots

    0.92 miles

  • Parking 3A

    1.27 miles

  • West River Center Parking Garage

    1.69 miles

  • The Cook Hotel

    1.27 miles

  • Staybridge Suites Baton Rouge-Univ at Southgate

    1.41 miles

  • Magnuson Hotel Port Allen

    1.57 miles

  • Belle of Baton Rouge Hotel

    1.61 miles

  • Holiday Inn Express Baton Rouge Downtown

    1.90 miles

  • WATERMARK Baton Rouge, Autograph Collection

    1.99 miles

  • Hotel Indigo Baton Rouge Downtown

    2.01 miles

  • Hilton Baton Rouge Capitol Center

    2.03 miles

  • Courtyard by Marriott Baton Rouge Downtown

    2.06 miles

  • Hampton Inn & Suites Baton Rouge Downtown

    2.20 miles

  • Walmart Supercenter

    1.57 miles

  • Walmart

    1.59 miles

  • Bet-R

    1.84 miles

  • SoSis Boutique

    2.02 miles

  • Trader Joe's

    2.20 miles

  • Walmart Neighborhood Market

    2.43 miles

  • Rouses Market

    2.63 miles

  • Walmart Supercenter

    2.83 miles

  • Albertsons

    2.93 miles

  • Calandro's Supermarket

    3.05 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®

(225) 505-4349