Stadium Square Apartments | 4759 Earl Gros Ave
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Stadium Square Apartments 4759 Earl Gros Ave
74 Unit Apartment Building $1,995,000 ($26,959/Unit) Baton Rouge, LA 70820
Investment Highlights
- Ideal redevelopment and investment opportunity
- Great mix of unit types that can suit a wide variety of residents
- Ample parking
- Situated just 1.5 miles from Louisiana State University
- Appealing on-site amenities
- Close proximity to numerous National Credit Tenants and local restaurants and bars
Executive Summary
Stadium Square (4759 Earl Gros Avenue - 74 units), a multifamily property in Baton Rouge, Louisiana, presents an outstanding investment and development opportunity. This receivership sale offers the property in as-is condition; it is in major disrepair and requires extensive renovations. The asset provides an ideal canvas for remodeling and creating attractive housing for university students and staff. Strategically located just 1.5 miles from Louisiana State University, the residences have appealing amenities, including large courtyards and a pool. Moreover, national credit tenants like McDonald’s, Sonic, Taco Bell, and Yogurtland, along with various local restaurants and bars, are situated within a 1.5 miles. This unique offering combines strategic location with the potential for transformative renovations, making it a compelling proposition for investors seeking to cater to the housing needs of the university community.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $26,959 | Lot Size | 2.10 AC |
| Sale Type | Investment | Building Size | 49,579 SF |
| No. Units | 74 | Average Occupancy | 47% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Garden | Parking Ratio | 2.42/1,000 SF |
| Price | $1,995,000 |
| Price Per Unit | $26,959 |
| Sale Type | Investment |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 49,579 SF |
| Average Occupancy | 47% |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 2.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Tanning Salon
- Grill
- Pet Play Area
- Volleyball Court
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 47 | - | 408 - 625 |
| 2+1 | 26 | - | 989 |
| 3+1 | 1 | - | 1,000 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $167,640 | |
| Land Assessment | $16,170 | Total Assessment | $183,810 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,170
Improvements Assessment
$167,640
Total Assessment
$183,810
zoning
| Zoning Code | A4 |
| A4 |
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Christopher Maling -
David Maling -
Avison Young
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Stadium Square Apartments | 4759 Earl Gros Ave
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