Louisiana / Baton Rouge / 70820 / 1984 Brightside Drive

1984 Brightside Drive

Baton Rouge, LA 70820

Listing ID: 203786

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$525,000

For Sale

Property Type Multifamily for Sale
Lot Size Acres 0.000
Building Sq Ft 4,840
Building Price per Sq Ft $108.47

Description

Description
Property Summary:
• 10 condo units in Brightside Commons
• Brightside Commons is a low-rise condo property with 60 total units
• The property is two stories with units on each floor
• The property is gated and fenced with common parking and community pool
• Mix of student and conventional tenants
Location Summary:
• Located just south of LSU Campus near the intersection of Brightside Drive and Hwy 30 (Nicholson Drive)
• Property is accessed via common drive from Brightside Drive
• On three sides the property isn't bordered by other surrounding multifamily developments, which provides some separation and privacy
• Located 1 mile from LSU Campus (student population - 31,527)
Financial Summary:
• Condo fees cover exterior repairs and maintenance
• Pro Forma Cap Rate: 8.25%
• Pro Forma NOI: $43,335.00
Highlights
Pro Forma Cap Rate: 8.25%
10 Unit Portfolio at Brightside Commons
Located 1 mile from LSU Campus
Condo fees cover exterior Repairs & Maintenance

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 1984 Brightside Drive Baton Rouge, LA 70820

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		10,018	47,785	120,210
Population Median Age		27	33	36
Population by Age	0-9 Yrs	706 (7%)	3649 (7%)	12356 (10%)
	10-19 Yrs	1156 (11%)	7853 (16%)	15269 (12%)
	20-29 Yrs	6237 (62%)	17872 (37%)	32397 (26%)
	30-39 Yrs	846 (8%)	4443 (9%)	15072 (12%)
	40-49 Yrs	308 (3%)	3287 (6%)	12170 (10%)
	50-59 Yrs	183 (1%)	3404 (7%)	11541 (9%)
	60-69 Yrs	322 (3%)	4109 (8%)	12181 (10%)
	70+ Yrs	262 (2%)	3167 (6%)	9222 (7%)

Median HH Income		$23,132	$44,105	$52,465
Total Household Income	< 24K	2183 (53%)	6129 (34%)	13808 (28%)
	25-49K	931 (22%)	3340 (18%)	9524 (19%)
	50-74K	371 (9%)	2116 (11%)	7086 (14%)
	75-99K	58 (1%)	1049 (5%)	4518 (9%)
	100-199K	403 (9%)	3279 (18%)	9392 (19%)
	200K+	142 (3%)	1760 (9%)	3959 (8%)

Highest Education Level	No Diploma	132	1630	6530
	Diploma or GED	656	3990	14870
	Some College	341	3301	13108
	Assoc. Degree	100	835	3165
	Bachelors Degree	1071	6817	18768
	Higher Degree	1172	6436	15223

Total Housing Units		6,382	23,683	59,984
--Owner-Occupied		589	7,525	22,797
--Renter-Occupied		3,497	10,148	25,490
Owner-Occupied Values	< 100K	19	600	2703
	100-199K	360	1453	6319
	200-299K	53	2273	6085
	300-399K	36	1192	3144
	400-499K	92	736	1710
	500K+	30	1271	2836

Total Working Age Population		9,119	42,495	101,841
In Work Force		5,784	26,562	67,553
Not In Work Force		3,335	15,933	34,287
Workforce Employed		5,406	24,587	63,432
Workforce Unemployed		338	1,923	4,044
Civlian Workforce		5,744	26,511	67,476
Military Workforce		40	52	78

Total Households		4,087	17,673	48,287
Family Households		977	7,315	22,589
Non-Family Households		3,109	10,358	25,697
Married Couple		432	5,265	15,313
Other Family		545	2,049	7,276
Married w/Child		211	1,839	5,625
Single Male w/Child		125	177	642
Single Female w/Child		198	742	2,848

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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