7272 Burbank Drive

Baton Rouge LA 70820

28900 sq. ft.

43560 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Prime Multifamily Investment Opportunity | 24-Unit Portfolio Near LSU 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