UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $1,383
Subdivision Burbank Landing
MLS Listing ID 200OZB
Style Modern
Bedrooms 3
Full Baths 2
HOA Y/N Yes
Year Built 2006
Annual Tax Amount $9,336
Lot Size 1 Sqft
Acres 1.0
Lot Dimensions Uknown
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 1800
Property Description
An exceptional value-add opportunity located just 7 minutes from Louisiana State University. This 24-unit entire condo community (Burbank Landing Condos) is offered for sale as a single portfolio. Ideal for student housing, young professional rentals, or long-term portfolio growth in high-demand South Baton Rouge.
Key Investment Highlights
Opportunity Zone Location: Situated in a designated Qualified Opportunity Zone (created under the Tax Cuts and Jobs Act of 2017), offering investors powerful tax incentives, including capital gains tax deferral, reduction, and potential tax-free appreciation on long-term gains.
Turnkey Phase (12 Units Fully Renovated):
Never lived in post-renovation—ready for immediate market-rate lease-up.
Complete updates including all-new electrical systems and updated plumbing.
Brand-new HVAC systems installed.
Roof replaced 2 years ago.
Value-Add Phase (12 Units Needing Rehab):
12 remaining units require varying levels of rehab, allowing an investor to execute a tailored capital improvement strategy and satisfy Opportunity Zone substantial improvement requirements for equity upside.
Pre-renovation rents were $2,300/month per unit, establishing a strong income floor with significant upside potential once fully stabilized.
HOA Control & Flexibility:
Established HOA structure in place with the ability for the buyer to acquire complete operational control of the HOA board.
Flexible Seller Terms:
Creative financing and owner financing options are available for qualified buyers. Contact listing agent directly to discuss customized terms.
Unit & Property Features
Spacious Floor Plans: Each unit features a high-demand 3 Bedroom / 2 Bathroom layout. Dual Balconies: Front and rear private balconies for outdoor living.
Private Outdoor Space: Every unit includes a dedicated, private fenced patio area.
Utilities: Individually metered. Expansive private parking
Location
State LA
County East Baton Rouge
Community Burbank Landing
Area 1.0
Direction From College Drive, turn left onto Burbank Drive, turn right into Burbank Landing Condos
Interior
Interior Features En Suite, Pantry, Primary Downstairs, Shower/Tub Combo, Walk-In Closet(s)
Cooling Central Air
Flooring Luxury Vinyl
Fireplace No
Laundry In Unit, Main Level, Washer Hookup, Electric Dryer Hookup
Exterior
Exterior Feature Entry Flat
Parking Features Concrete, Off Street, Additional Parking
Garage Spaces 46.0
Community Features Close to Medical Facility, Close to Shopping Center, Water Access
Utilities Available Electricity Available, Natural Gas Not Available, Sewer Available, Water Available
Total Parking Spaces 46
Garage No
Building
Lot Description Private
Water Public
Architectural Style Modern
New Construction No
Others
Senior Community No
Tax ID 30855453
NEARBY SCHOOL & BUSINESS
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