6777 Rembrandt Ave, Baton Rouge, LA 70806

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Building Details:

6777 Rembrandt Ave is located in Baton Rouge, LA.

Portfolio of recently renovated units in improving area of Baton Rouge.

Properties were renovated and brought from 0% to 75% occupancy in just a years time.

With little time these properties will be stable and on par with market economic vacancy for the area.

The neighborhood is located in Baton Rouge, LA near Bon Carre Business Center (7337 Florida Boulevard Baton Rouge, LA 70806). Bon Carre is the old mall and has been converted to a technology park. Cox Communications and many other large companies are based out of this development. Bon Carre is great for the area. In addition, the redevelopment authority (www.ebrra.org/) has purchased property in the same area. Their development, Smiley Heights, is several hundred acres and will consist of an expansion of Baton Rouge Community College, a Tech School, the expansion of LEWCO manufacturing, and tax credit residential development.

Market occupancy for the overall zip code is currently approximately 87% The TRENDS in Real Estate report indicates an average market rent of $675 per month for this area. When distressed properties are removed from the sample data, the occupancy numbers increase to 96% with $743 per month average rent.

Priced at 8.6% proforma Cap Rate. Please contact agent for financial information details.