1701 Avenue ICrowley, LA 70526

Property Details for 1701 Avenue I

Year built

1970

Lot size

7.21 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents 160 apartment units within a 10-building complex situated on a 7.21-acre lot in Crowley, Louisiana. Built in 1970, the property features a total of 177,356 square feet of rentable space, currently boasting 63% occupancy. Each two-story building houses a mix of spacious one, two, and three-bedroom units, catering to a diverse range of tenant needs. The property includes 150 parking spaces and convenient on-site laundry facilities. Residents enjoy the inclusion of gas, water, trash, and sewer in their lease, along with a reasonable $35 application fee. Located at 1701 N Ave I, Crowley, LA 70526, this property benefits from its proximity to Bicentennial Park and downtown Crowley, offering residents easy access to essential amenities and a vibrant community atmosphere. The property's current low occupancy presents a significant opportunity for improvement through strategic management and lease optimization, unlocking substantial upside potential. The property is conveniently located less than a mile from I-10, enhancing its accessibility and appeal. This multifamily asset offers a compelling investment opportunity in a thriving Louisiana market.

Location Insight

City

Crowley

County

Acadia Parish

State

Louisiana

Latitude

30.227

Longitude

-92.3772

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