101 Melrose AveNatchitoches, LA 71457

Property Details for 101 Melrose Ave

Year built

1973

Property size (Sq ft)

207,230 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 216-unit apartment complex, built in 1973, presents a compelling investment opportunity in Natchitoches, Louisiana. The property encompasses 207,230 square feet across 15 buildings on a 492,969 square foot lot. The two-story buildings house a mix of 88 one-bedroom/one-bathroom, 112 two-bedroom/one-bathroom, and 16 three-bedroom/one-and-a-half-bathroom units. Current average monthly rents are $878 for one-bedroom, $995 for two-bedroom, and $1,170 for three-bedroom units. Tenants pay a $50 monthly utilities fee and a $20 monthly valet trash fee. Units feature modern amenities including white appliances, LVP and carpeted flooring, dishwashers, disposals, and tile bathrooms. High-speed internet, central heating and air conditioning, and ceiling fans are standard. The property boasts a smoke-free environment and ample off-street parking. Community amenities include an on-site management and maintenance team, fitness center, pool, clubhouse, study lounges, and business center. Natchitoches's thriving economy, driven by Northwestern State University and major employers like RoyOMartin, Pilgrim's Pride, Alliance Compressors, and International Paper, ensures consistent demand for quality housing. The property's strategic location provides easy access to major highways, further enhancing its appeal. This well-maintained complex is ideally positioned to capitalize on the growing demand for housing in this vibrant Louisiana college town.

Location Insight

City

Natchitoches

County

Natchitoches Parish

State

Louisiana

Latitude

31.7512

Longitude

-93.0696

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