408-Unit Off-Market Deal
Price$36,700,000
Units408
Investment Highlights
Baton Rouge, LA 408-unit Class B built 1994. Extensive interior & exterior renovations completed May 2025. Occupancy improved from 35% during renovation to 94% stabilized. 75% LIHTC through 2038 with annual rent increases. T12 NOI: $2.1M (5.7% cap) Proforma 2026 NOI: $2.5M (6.8% cap) Guidance: ~$90K/door / $36.7M Not actively marketed. Normal sale. Negotiable
Location
📍 Off-market — general area withheld
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
