20-unit apartment complex adjacent to the LSU campus and just minutes from downtown Baton Rouge! This building is currently vacant and ready to be renovated, boasting strong bones and a sturdy original brick exterior. Perfect for adding much-needed student housing while enhancing your real estate portfolio.
This property spans the entire block of Nicholson Drive, the major thoroughfare connecting LSU with downtown Baton Rouge and the Louisiana State Capitol. With three buildings currently situated on one parcel, the purchaser should explore the room to grow the complex size within the current footprint for even more additional income.
One building has a new roof, one appears to be good and serviceable, while the third needs replacement.
The Nicholson complex currently consists of 16 separate studios and 4 one-bedroom apartments.
Tons of parking with the current layout plus potential space for future development on the grounds.
Located in an X- Flood Zone.
Property Breakdown: (16) Studios apartments │ (4) 1 bedroom apartments │ Approx. 13,000 SqFt Total
|Price:||$Call for more info!|
|Address:||29XX Nicholson Dr|