TIGER COTTAGES

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SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Tiger Cottages. Tiger Cottages is located in Baton Rouge, LA and is conveniently situated 400 feet from the north edge of Louisiana State University’s main campus. Tiger Cottages was built in 2020 and consists of 6 Units and 22 Beds. Each unit is its own standalone cottage which offers a true home feeling for the students attending LSU. Tiger Cottage’s interiors boast premium finishes such as stainless-steel appliances, raised panel cabinetry, granite countertops, stained concrete floors, washer/dryer appliances and bed/bath parity. Tiger Cottages offers the opportunity for a new buyer increase the current rents by 11.27% by furnishing all units and marketing the units to the tenant pool as fully furnished units.

Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.

6 | 22
UNITS | BEDS

8,950
SQFT

2020
YEAR BUILT

PRICED AT
MARKET BID

VITAL PROPERTY DATA

  • Property Addresses: 3220 Iowa Street, Baton Rouge, LA

  • NUMBER OF UNITS: 6 Units

  • RENTABLE SQUARE FOOT: 8,950 SF

  • AVERAGE UNIT SIZE: 1,492 SF

  • NUMBER OF BUILDINGS: (6) Residential

  • LOT SIZE: 0.46 Acres +/-

  • FINANCING: Free and Clear

CLASS-A STUDENT HOUSING ASSET WITH RENTAL UPSIDE

  • Unique Class-A Cottage Style Student Housing Asset Consisting of 22-Beds/6-Units Built in 2020

  • Premium Unit Interior Finishes Include Stainless Steel Appliances, Stained Concrete Floors, Raised Panel Cabinetry, Recessed Lighting and More

  • Value Add Opportunity of Furnishing all Units and Increasing Rents by 11.27%

  • Premier Location only 400 Feet from to Louisiana State University Which Boasts an Enrollment of 34,285

  • Newest Student Housing Property Built at Louisiana State University

  • Only one Student Housing Property Under Construction in the LSU Student Housing Market and is set to Deliver Fall of 2023 (Vue on Parker)

  • Located 1.5 Miles from Downtown Baton Rouge, Louisiana’s Capital City, Full of Restaurants and Retail

  • Premier Walkability to Tiger Stadium and all Colleges on the North Side of Campus

PREMIER STUDENT HOUSING LOCATION

  • 400 Feet to University of West Florida (34,285 Total Enrollment)

  • 4-Minutes to Downtown Baton Rouge, Louisiana’s Capital City

  • 4-Minutes to Government Street (Major East/West Retail Corridor)

BATON ROUGE, LOUISIANA: AT A GLANCE

  • Home to the Largest Institution of Higher Learning in the State: LSU

  • 2nd Largest City in Louisiana

  • County Population of 456,781 (2020 Census)

  • Unemployment Rate of 3.2% (Regions Record Low in Recorded History)

  • 24.4% Projected 10-Year Job Growth (Bestplaces)

  • $61,000 Median Household Income in 2020

  • $57 Billion Gross Domestic Product in 2020

DEAL TEAM CONTACTS

Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com

Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com

Contact an Agent Listed Above to Schedule Property Tours