3779 Eaton St, Baton Rouge, LA 70805

Commercial property for lease

• Description
• Fairwood Apartments is a 58-unit apartment complex located on Eaton St, just off of Mohican Ave in Mid City North. The property is approximately 2.3 acres and consists of 19 apartment buildings and a large parking area. The unit mix features studio, 1-bedroom, 2-bedroom, and 4-bedroom units.The complex has maintained stable, 90%+, occupancy through 2018 and 2019. With rents currently below market, the complex boasts a 7.9% trailing 12-month cap rate, and an 8.2% pro forma cap rate. All ground floor units were renovated in 2017 which helps position this complex for drastically higher returns through rent increases.Fairwood Apartments is located just 5 minutes from I-100 and surrounded by single-family neighborhoods.- 58 Units - 19 Buildings- 91.4% Occupancy- 8.2% Pro Forma Cap Rate- Below market rents Building price details: $2,100,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Mark R Segalla

  Elifin Realty
• Note

• Details Info about this row that located on 3779 Eaton St, Baton Rouge, LA 70805 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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