102 Unit Apartment Complex Purchased for Renovations in Baton Rouge

Sherwood Park Apartments sold for $1.53 million in June of 2015 to 126 Florida Boulevard, LLC – a realty group represented by Mr. Kevin O’Brien. The complex is located at 13045 and 13047 Florida Blvd., between the intersections of North Sherwood Forest Drive and North Flannery Road. The 102 unit complex (78,888 rentable SF) was only 19.6% occupied (20 units occupied) at the time of the sale. According to the selling broker, Mr. Beau Box, the group plans on renovating the entire complex.

 

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