River Pines Apartments is a 64-unit multifamily property located on Florida Blvd in Baton Rouge. The complex features a mix of (15) one-bedroom units and (49) two-bedroom units, offering a balanced unit mix with strong tenant demand strong historical occupancy and reliable cash flow. All major systems are maintained and market rents support further upside through light renovations. With an in place NOI of $423,071 and an 7.29% cap rate at the asking price, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket close to major employers, retail and transit routes. The seller has intentionally kept rental rates low to ensure high occupancy and reduce turnover. When the rents are increased to actual market value, NOI can be boosted to $520,426 or a 8.97% cap rate.
Listed By
Agency Name: Bridgewater Realty Advisors, LLC
Agency Phone: (504) 901-0463
Shown By
Agent Name: Suzette Hubbell
Agent Phone:
Agency Title: Suzette Hubbell
Suzette Hubbell Suzette Hubbell
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5750 Florida Boulevard | MLS# 2558044
This multi-family property located at 5750 Florida Boulevard , Baton Rouge, LA 70806 is currently listed for sale with an asking price of $5,800,000. Search Baton Rouge real estate on suzettehubbell.suzettehubbell.com today.