We’re reviewing a 96-unit workforce multifamily opportunity that’s completely off-market (we’re first in the door) with a target basis around ~$35K/unit.
Why it’s interesting:
- In-place rents: roughly $755 (1x1) and $840 (2x2)
- On-site “proven” rents: we’re already seeing $800+ on 1x1s and $900+ on 2x2sin the rent roll
- Sits in a workforce pocket where ZIP 70815 median household income is ~ $55.8k
- Baton Rouge demand drivers: state government, healthcare, LSU, and the industrial/petrochemical corridor
- Baton Rouge metro population is roughly ~871k
If you’re local or passing through Baton Rouge, I’m looking for someone who can do a quick site check:
- Drive the property + surrounding blocks
- Photos/video of exterior, parking, entrances, common areas
- Notes on neighborhood feel + any obvious red flags (security, deferred maintenance)
Message me and I’ll send the details.