Published on: Friday, November 1, 2024
Updated on: Friday, November 1, 2024
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About the Lister
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Name: Chris Maling
Company: Avison Young
Office Phone: +1 213.618.3824
Cell Phone: +1 213.364.7222
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Financing  Business  Material
  Spectacular Stadium Square Apartments
4759 Earl Gros Ave Baton Rouge Louisiana , 70820
4759 Earl Gros Ave Baton Rouge Louisiana                                                                                           , 70820Avison Young
Listing ID: CL-Louisiana-12667

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 9.88
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Louisiana-12667
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1975
Building Size: 49,579.00 SqFt
Lot Size: 91,402.00 SqFt.
No of Stories: 3
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Stadium Square (4759 Earl Gros Avenue - 74 units), a multifamily property in Baton Rouge, Louisiana, presents an outstanding investment and development opportunity.
Complete Details
Year Build: 1975
Building Size: 49,579 SqFt.
No of Stories: 3
Total Lot Area: 91402 SqFt.
No of Parking: N/A
No of Total Units: 74
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Stadium Square (4759 Earl Gros Avenue - 74 units), a multifamily property in Baton Rouge, Louisiana, presents an outstanding investment and development opportunity. This receivership sale offers the property in as-is condition; it is in major disrepair and requires extensive renovations. The asset provides an ideal canvas for remodeling and creating attractive housing for university students and staff. Strategically located just 1.5 miles from Louisiana State University, the residences have appealing amenities, including large courtyards and a pool. Moreover, national credit tenants like McDonald’s, Sonic, Taco Bell, and Yogurtland, along with various local restaurants and bars, are situated within a 1.5 miles. This unique offering combines strategic location with the potential for transformative renovations, making it a compelling proposition for investors seeking to cater to the housing needs of the university community.
Additional Properties
Property Other Use
  • Ideal redevelopment and investment opportunity
Property Highlights
  • Situated just 1.5 miles from Louisiana State University
  • Great mix of unit types that can suit a wide variety of residents
  • Appealing on-site amenities
  • Close proximity to numerous National Credit Tenants and local restaurants and bars
Features
  • Ample parking
Listing Location
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