1701 Ryder Dr, 1835 Southpointe Dr
Property Description
This stabilized, income-producing multifamily portfolio is located near the Baton Rouge Health Corridor. The portfolio consists of 15 total units– 7 at Ryder Drive and 8 at Southpointe Drive. Each unit features a 2-bedroom, 1.5-bath layout, updated interior, and off-street parking. The properties generate a combined Pro Forma Net Operating Income of $103,522 at a blended cap rate of 8.02%. Positioned within 500 feet of each other, both assets are located just 2 minutes from the Perkins Road and Essen Lane intersection, with excellent access to I-10 (4 mins) and I-12 (5 mins). The portfolio sits just outside of Baton Rouge’s expanding health corridor, supported by tenant demand and long-term employment drivers. Available as a combined offering or individual acquisitions.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,290,000 |
| No. of Units: | 15 |
| Opportunity Zone: | No |
| Price per unit: | $86,000 |
| Property Website | Click Here |
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