20 unit multi family
20-unit value-add multifamily — Baton Rouge, LA
Target purchase: $350,000
Rehab: ~$25,000
Total project: ~$375,000
Current occupancy: 55%
Current rent: $5,420/mo �
4747 Annette St. Rent Roll.pdf
Seller's projected full-occupancy rent: $10,800/mo �
4747 Annette St. Income Report.pdf
Seller's projected stabilized NOI: $96,664/year �
4747 Annette St. Income Report.pdf
Buyer's credit: 695 TU / 670 EX
Additional collateral: ~$107,900 free-and-clear Saint Martinville property
Experienced GC with ability to self-perform/defer labor
Lease-up plan as renovations are completed
Exit: stabilize → refinance into permanent multifamily debt