Louisiana / Baton Rouge / 70808 / 4250 Dodson Avenue

4250 Dodson Avenue

Baton Rouge, LA 70808

Listing ID: 203784

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$3,750,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 0.895
Building Sq Ft 43,660
Building Price per Sq Ft $85.89
Land Sq Ft 38,986
Land Price per Sq Ft $96.19

Description

Description
Property Summary:
100% Occupied
29 Units in 5 Buildings
All buildings on adjacent properties on Dodson Ave and Janet Dr
Mix of 1, 2, 3 bedroom units
Location Summary:
The block where this portfolio sits is 1 block away from the southern edge of LSU's Campus and 1 block north of Burbank Dr.
All properties surrounding this portfolio are multifamily residential.
There is a mix of older multifamily properties and new apartment developments in the immediate proximity of the portfolio.
There is also a strong retail corridor just south of the property where tenants and locals regularly shop, play, and eat.
Investment Summary:
Pro Forma Cap Rate: 7.14%
ProForma NOI: $267,596.72
Highlights
Pro Forma Cap Rate: 7.14% | NOI: $267,596.72
100% Occupied - Historically high occupancy with low turnover rates
Located within walking distance of LSU's Campus
Built with high-end finishes and amenities

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Baton Rouge History of Multifamily Housing for Sale

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Listing Demographics for 4250 Dodson Avenue Baton Rouge, LA 70808

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		11,777	57,473	135,959
Population Median Age		27	34	36
Population by Age	0-9 Yrs	571 (4%)	4906 (8%)	14864 (10%)
	10-19 Yrs	3060 (25%)	8905 (15%)	16957 (12%)
	20-29 Yrs	5311 (45%)	18919 (32%)	34941 (25%)
	30-39 Yrs	1126 (9%)	5963 (10%)	17538 (12%)
	40-49 Yrs	381 (3%)	4790 (8%)	13700 (10%)
	50-59 Yrs	253 (2%)	4578 (7%)	13062 (9%)
	60-69 Yrs	549 (4%)	5306 (9%)	13783 (10%)
	70+ Yrs	526 (4%)	4106 (7%)	11116 (8%)

Median HH Income		$26,222	$46,199	$49,207
Total Household Income	< 24K	2002 (48%)	7346 (33%)	16161 (29%)
	25-49K	879 (21%)	4066 (18%)	11264 (20%)
	50-74K	445 (10%)	2890 (13%)	7847 (14%)
	75-99K	172 (4%)	1437 (6%)	5051 (9%)
	100-199K	447 (10%)	3961 (18%)	9972 (18%)
	200K+	156 (3%)	2136 (9%)	3972 (7%)

Highest Education Level	No Diploma	134	2616	8353
	Diploma or GED	677	5464	18361
	Some College	497	4612	15723
	Assoc. Degree	115	1075	3524
	Bachelors Degree	1253	8586	20109
	Higher Degree	1330	7764	15850

Total Housing Units		5,939	28,731	67,258
--Owner-Occupied		661	9,806	25,458
--Renter-Occupied		3,441	12,029	28,809
Owner-Occupied Values	< 100K	32	1014	4214
	100-199K	143	1754	7080
	200-299K	232	2835	6319
	300-399K	92	1657	3237
	400-499K	91	966	1705
	500K+	70	1581	2905

Total Working Age Population		10,991	50,411	113,999
In Work Force		6,883	32,066	75,008
Not In Work Force		4,108	18,345	38,991
Workforce Employed		6,194	29,479	69,813
Workforce Unemployed		652	2,535	5,105
Civlian Workforce		6,847	32,014	74,917
Military Workforce		36	52	90

Total Households		4,101	21,835	54,267
Family Households		1,105	9,388	25,948
Non-Family Households		2,996	12,447	28,319
Married Couple		749	6,545	16,508
Other Family		357	2,843	9,440
Married w/Child		292	2,390	5,911
Single Male w/Child		81	201	703
Single Female w/Child		138	1,013	3,863

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Louisiana	4,468,976	+1	4,533,372	+1	4,588,310	+5	4,813,420
East Baton Rouge Parish	412,852	+7	440,171	-3	426,380	-1	421,500
Iberville Parish	33,320	0	33,387	-17	27,830	-11	24,640
St. Martin Parish	48,583	+7	52,160	+6	55,520	+3	57,000
West Baton Rouge Parish	21,601	+10	23,788	-7	22,220	-5	21,070

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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