A 24-unit apartment complex just north of Southern University has been sold for $549,000.
According to documents filed with the East Baton Rouge Clerk of Court’s office Wednesday, RBM Properties LLC, based out of Navarre, Florida, bought the The Crestworth Place Apartment Complex at 10032 Avenue I. The seller was BMW Holdings LLC of Baton Rouge.
Crestworth Place is fully occupied, said Troy Daigle of NAI/Latter & Blum - Donnie Jarreau Real Estate, who represented both the buyer and the seller in the deal. The complex is made up of one-bedroom, one-bath units that rent for $485 a month.
The new owners plan to hold on to the complex as an investment, Daigle said.