1212 Aster St
Property Description
This 16-unit multifamily complex is located just outside LSU campus, offering a value-add investment opportunity through interior renovations and lease-up. The property includes 11,144 SF across three two-story buildings on 0.279 acres. The unit mix consists of 4 studios, 8 one-bedroom / one-bath units, and 4 two-bedroom / one-bath units. Currently, 8 units are vacant and require renovations, presenting an opportunity to increase occupancy and stabilize rental income. The property also features dedicated off-street parking and common areas between the buildings. Located near LSU campus, the property benefits from proximity to student and professional tenant demand, with convenient access to I-10 approximately 4 minutes away. Zoned A4 (General Residential) and located within an Opportunity Zone.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $550,000 |
| No. of Units: | 16 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Price per unit: | $34,375 |
| Property Website | Click Here |
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