4380 Mohican-Prescott Crossover
Property Description
Fully rebuilt multifamily complex, taken down to the studs and reconstructed with new roofs, electrical, plumbing, HVAC, windows, firewalls, and interior finishes in early 2024. Located just off Plank Road with convenient access to I-110 and downtown Baton Rouge. Positioned along the Plank Road corridor, which is undergoing a 5.3-mile city-led road improvement project and is part of Baton Rouge’s first bus rapid transit (BRT) line, connecting north and south Baton Rouge with service to downtown and LSU. Additional redevelopment potential is supported by Build Baton Rouge’s July 2025 rolling RFP targeting transformational projects along Plank Road and Scenic Highway. Unit Mix: (40) 2BR/1BA, (8) 2BR/2BA, and (4) studios. In-place 7.5% cap rate on T12 NOI of $314,955, with 47 of 52 units leased (90% occupied).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,200,000 |
| No. of Units: | 52 |
| Opportunity Zone: | No |
| Price per unit: | $80,769 |
| Property Website | Click Here |
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout