For Sale
$11,997,000

240 Clarence Ave New Llano, LA 71461

162-unit apartment complex, high NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
Seven Oaks Leesville, located at 240 Clarence Ave, New Llano, LA 71461, presents a compelling multifamily investment opportunity. This Class B apartment building comprises 162 units spread across 18 two-story buildings, offering a substantial rental income stream. The property boasts a strong 92% occupancy rate, generating a Net Operating Income (NOI) of $882,524, resulting in an attractive 7.36% capitalization rate. Each of the 162 units includes one designated parking space. The asking price for this exceptional property is $11,997,000, translating to a price per unit of $74,055.56. Situated in Vernon Parish, Louisiana, this asset benefits from a proven history of strong financial performance and stable rental income. The property is currently offered for sale by owner and presents potential value-add opportunities for a discerning investor. This premier multifamily asset is ready for immediate ownership.

Highlights

  • $11,997,000 asking price for a 162-unit apartment building.
  • 7.36% cap rate with $882,524 NOI and 92% occupancy.
  • Class B multifamily property located at 240 Clarence Ave, New Llano, LA 71461.
  • 18 buildings, 2 stories each, with 162 parking spaces (1 per unit).
  • $74,055.56 price per unit; For Sale By Owner.

Property Details for 240 Clarence Ave

Property type
Apartment buildings
Class
B
Buildings
18
Stories
2
Units
162

Location Insight

City
New Llano
County
Vernon Parish
State
Louisiana
Latitude
31.111810494754
Longitude
-93.277907995778

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FAQs

What type of property is this?
Apartment building - 162-unit apartment complex, high NOI.
Where is the apartment building located?
The property is located at 240 Clarence Ave New Llano, LA.
What is the asking price?
The asking price for this property is $11,997,000.
What are key features of this property?
This property features: $11,997,000 asking price for a 162-unit apartment building.; 7.36% cap rate with $882,524 NOI and 92% occupancy.; Class B multifamily property located at 240 Clarence Ave, New Llano, LA 71461.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Braxton Higginbotham
Braxton Higginbotham
Visit Broker Website

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Useful Information

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Clarence Ave
New Llano, LA 71461

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New Llano, LA 71461

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

240 Clarence Ave
  • Braxton Higginbotham
    Braxton Higginbotham
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