22 unit apartment complex near lsu...2600 government st, baton rouge, la 70806 800.895.9329 |...
TRANSCRIPT
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 1
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
OFFERING SUMMARY
Sale Price: $1,350,000 | $78.87/SF
Price / Unit: $61,363.64
Number Of Units: 22
Pro Forma Cap Rate: 9.19%
Pro Forma NOI: $124,016
Lot Size: 0.52 Acres
Total Size: 17,116 SF
Zoning: A4
Market: Baton Rouge
Submarket: LSU
Situated in the heart of the recently revitalized Nicholson GatewayCorridor, this 22-unit complex presents an excellent opportunity toacquire a multifamily asset adjacent to LSU. Each two bed, one bathunit features recently updated interiors and overlooks a beautifulcourtyard with a pool. Take advantage of an opportunity to acquire arevenue generating asset next to a campus of 25,000 students.
PROPERTY OVERVIEW
Wyoming St runs parallel to Nicholson Dr near the north border ofLSU's Campus. This property is located at the southern end of WyomingSt at the corner of Wyoming and W Chimes St.
LOCATION OVERVIEW
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 E x e c u t i v e S u m m a r y
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 2
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 P r o p e r t y L o c a t i o n
22 UNIT APARTMENT COMPLEX NEAR LSU
2018 Actual Year 1 Pro FormaIncome
Gross Rental Income 123,466.03$ 211,140.00$
Fees/Reimbursements 2,783.56$ 2,500.00$
Vacancy Loss (5%) -$ (10,557.00)$
Total Income 126,249.59$ 203,083.00$
Expenses
Contract Porter/Maid 1,240.00$ 1,500.00$
Trash Removal 1,473.40$ 1,473.40$
Misc. Cleaning 400.00$ 600.00$
Maintenance Supplies 2,578.91$ 3,000.00$
HVAC 1,440.75$ 1,500.00$
Lawn Maintenance 427.33$ 500.00$
Other Maintenance 9,955.00$ 10,000.00$
Painting 2,735.00$ 3,000.00$
Plumbing 185.00$ 300.00$
Pool Maintenance 3,025.00$ 3,500.00$
Interior Repairs 155.00$ 200.00$
Pest Control 1,626.41$ 1,626.41$
Pool Service 1,175.00$ 1,175.00$
Windows/Blinds/Screens (277.41)$ 200.00$
Sheetrock and Drywall Repairs 575.00$ 300.00$
Management/Leasing Fees 12,278.07$ 15,000.00$
Property Taxes 16,795.24$ 16,795.24$
Property Insurance 11,396.52$ 11,396.52$
Utilities 11,502.45$ 7,000.00$
Total Operating Expeneses 78,686.67$ 79,066.57$
Net Operating Income 47,562.92$ 124,016.43$
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 F i n a n c i a l s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 3
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 4
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 R e n t R o l l
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 5
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
SALE PRICE $1,350,000
LOCATION INFORMATION
Building Name 22 Unit Apartment Complex Near LSU
Street Address 3350 Wyoming St
City, State, Zip Baton Rouge, LA 70802
County/Township East Baton Rouge Parish
Market Baton Rouge
Submarket LSU
BUILDING INFORMATION
Building Size 17,116 SF
Occupancy % 54.5
Number Of Floors 2
Construction Status Existing
PROPERTY DETAILS
Property Type Multifamily
Property Subtype Low-Rise/Garden
Zoning A4
Lot Size 0.52 Acres
Submarket LSU
Corner Property Yes
Waterfront No
PARKING & TRANSPORTATION
Street Parking No
Parking Type Surface
UTILITIES & AMENITIES
Pool Yes
Gated Yes
Elevator No
Power Yes
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 P r o p e r t y D e t a i l s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 6
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 A d d i t i o n a l P h o t o s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 7
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 A d d i t i o n a l P h o t o s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 8
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 A d d i t i o n a l P h o t o s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 9
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 A d d i t i o n a l P h o t o s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 10
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 A d d i t i o n a l P h o t o s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 11
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 L o c a t i o n M a p s
22 UNIT APARTMENT COMPLEX NEAR LSU
B r o k e r o f R e c o r d , M a t h e w L a b o r d e ; L i c e n s e d b y t h e L o u i s i a n a R e a l E s t a t e C o m m i s s i o n a n d t h e M i s s i s s i p p i R e a l E s t a t e C o m m i s s i o n .T h i s i n f o r m a t i o n h a s b e e n s e c u r e d f r o m s o u r c e s w e b e l i e v e t o b e r e l i a b l e , b u t w e m a k e n o r e p r e s e n t a t i o n s o r w a r r a n t i e s , e x p r e s s e d o ri m p l i e d , a s t o t h e a c c u r a c y o f t h e i n f o r m a t i o n . R e f e r e n c e s t o s q u a r e f o o t a g e o r a g e a r e a p p r o x i m a t e . B u y e r m u s t v e r i f y t h ei n f o r m a t i o n a n d b e a r s a l l r i s k f o r a n y i n a c c u r a c i e s .
for more information contact:
2 6 0 0 G o v e r n m e n t S t , B a t o n R o u ge , L A 7 0 8 0 6800.895.9329 | elifinrealty.com P. 12
Fe b r u a r y 2 5 , 2 0 1 9
Mark Segalla (C) 225.505.4349 Mathew Laborde (C) 337.326.1368
POPULATION 1 MILE 3 MILES 5 MILES
Total population 7,832 54,844 119,148
Median age 25.5 28.3 31.1
Median age (Male) 25.5 27.9 29.7
Median age (Female) 25.5 29.0 32.6
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 3,203 21,505 46,958
# of persons per HH 2.4 2.6 2.5
Average HH income $26,477 $54,076 $59,780
Average house value $158,021 $222,208 $261,278
* Demographic data derived from 2010 US Census
3 3 5 0 W y o m i n g S t , B a t o n R o u g e , L A 7 0 8 0 2 D e m o g r a p h i c s M a p & R e p o r t
22 UNIT APARTMENT COMPLEX NEAR LSU