240 Clarence AveNew Llano, LA 71461
- Apartment buildings
Property Details for 240 Clarence Ave
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- New Llano
- County
- Vernon Parish
- State
- Louisiana
- Latitude
- 31.1118
- Longitude
- -93.2779
Comparable in this City
Similar Nearby for Sale
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