240 Clarence AveNew Llano, LA 71461

  • Residential income properties
For Sale
$11,997,000 View listing

Property Details for 240 Clarence Ave

Property type
Residential income properties
Property subtype
Multifamily properties

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.

240 Clarence Ave, New Llano, Louisiana

Location Insight

City
New Llano
County
Vernon Parish
State
Louisiana
Latitude
31.1118
Longitude
-93.2779

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