Off-Market Offering408-Unit Off-Market Deal
$36,700,000
408 units
Asking Price
$36,700,000
Units
408
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
James Smith
Listing contact · Verified on Crezly
Inquire / make an offer:
https://www.crezly.com/property/baton-rouge-la-408-unit-class-b-built/
https://www.crezly.com/property/baton-rouge-la-408-unit-class-b-built/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.