Listed by Marcus & Millichap - Baton Rouge
Unpriced
Parkland Villa
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 200,488
Units 246
NOI $2,606,847
Year Built 1973-1982
Acreage 12.410
Multifamily | 246 Units
Marketing description
The Bossier City Portfolio is a four-property workforce housing portfolio totaling 562 units in Bossier City, Louisiana. The assets are positioned across the city near major retail corridors, regional employers, and key transportation routes, supporting stable tenant demand. The portfolio scale creates operating efficiencies while enabling a consistent value-add program focused on revenue recovery (utility reimbursements/RUBS where applicable), loss-to-lease capture, and targeted interior/exterior upgrades. The Bossier City multifamily market is currently operating at a strong 93 percent occupancy rate, underscoring healthy fundamentals and sustained renter demand.
Investment highlights
- Four Assets Within One Submarket Operational Scale and Management Efficiency
- Broad Renter Demand Driven by a Heavy 1br/2br Mix (97.8% of Units Are 1br/2br)
- Revenue Growth Levers: Utility Reimbursements/rubs (Where Applicable), Lossto-lease Capture, Rent Optimization
- Ability to Standardize a Value-add Program Across All Communities (Interiors + Curb Appeal)
- Multiple Entry Points (Unit Sizes/types) With Strong Leasing Appeal in a Supply-constrained Submarket
- the Bossier City Multifamily Market is Currently Operating at a Strong 93% Occupancy Rate
Listing Contacts
Listed by Marcus & Millichap - Baton Rouge
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$2,606,847.00
$217,237.25/mo
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