Multi-Housing

Coursey Place

13675 Coursey Blvd Baton Rouge, Louisiana United States 70817-1344
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 2003
Building Area
Land Area ()
Number of units 352

Property Description

STRONG PERFORMING, STABLE ASSET POISED FOR GROWTH

• Currently 97.2% occupied

• Average occupancy of 95% in 2020 with collections exceeding 99%

• 5.5% effective rent growth in East Baton Rouge submarket over past 12 months


SIGNIFICANT VALUE-ADD OPPORTUNITY

• 2003 construction with all units in original condition

• Effective in-place rents are $179 below its competitive set and $480 below new construction

• Units include 9’ ceilings on first floor units and full-size washers and dryers in all units

Investment Highlights

COMMUNITY AMENITIES

  • Resort-style swimming pool
  • Fitness center
  • Outdoor kitchen
  • Playground
  • Business center
  • Private lake & nature trail
  • Volleyball court
  • Car care center
  • Garages & reserved parking
  • Storage units

INTERIOR FINISHES

  • White appliances
  • Granite inspired countertops
  • Modern white cabinets*
  • Wood style flooring*
  • Fireplace*
  • Brushed nickel finishes
  • Patio/balcony
  • Vaulted ceilings*
  • Washer/dryer set

*In select units


Last Updated Date: 30 Mar 2021
Steven Hahn Jr.
Steven Hahn Jr.
Senior Director, Capital Markets
License details
TX-615904 OK-184952
+34910602617
Art Barnes
Art Barnes
Director, Capital Markets
+34910602617
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Last Updated Date: 30 Mar 2021

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