Villa Norte Apartments
REDEVELOPMENT & REPOSITIONING OPPORTUNITY
Marketing description
ABSOLUTE SALE
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Property tours are available by appointment only. Please contact the listing broker to schedule a tour.
Villa Norte Apartments presents a compelling repositioning and redevelopment opportunity located at 1620 Fullerton Boulevard in Shreveport. The property consists of a multi-building, garden-style apartment community situated on a well-configured site with direct frontage and accessibility within an established residential corridor. The existing layout—including multiple low-rise structures, internal drives, and distributed parking—provides a functional foundation for future site reconfiguration or redevelopment strategies.
Based on third-party data sources and visual observations, the property appears to be vacant and may exhibit signs of deferred maintenance, including boarded windows observed on portions of the asset. Ownership has indicated limited visibility into the current operational and physical condition of the property. As such, the information presented herein is based on available data and visual observation, and prospective investors are encouraged to conduct independent due diligence regarding physical condition, occupancy, and feasibility of redevelopment.
From an investment perspective, Villa Norte offers the opportunity to acquire a potentially underutilized site at an attractive basis, with a clear path toward redevelopment or repositioning. The site’s existing density, infrastructure, and layout may support a range of strategies, including reconfiguration of the existing footprint or full-scale redevelopment, depending on investor objectives.
Positioned within an established residential area with access to local demand drivers, the property presents an opportunity to reintroduce housing supply to the submarket through thoughtful redevelopment aligned with current market needs.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1620 Fullerton St, Shreveport, LA 71107
Investment highlights
LA Auctioneer: Stephen Dawson, LA-2249 Crexi, LA AB-565.
- SIGNIFICANT BASIS DISCOUNT: Offered at a price well below replacement cost, presenting a compelling entry point for investors seeking long-term value creation
- REDEVELOPMENT & REPOSITIONING OPPORTUNITY: Opportunity to reimagine the property through renovation, redevelopment, or alternative use strategies based on investor vision and market alignment
- VACANT ASSET WITH FULL EXECUTION CONTROL: Vacant status allows for immediate implementation of a business plan without tenant disruption, enabling flexibility in design, scope, and timing
- ESTABLISHED LOCATION WITH EXISTING INFRASTRUCTURE: Located within an established residential corridor with access to roadways, utilities, and surrounding neighborhood amenities, supporting future redevelopment
- AS-IS OFFERING WITH DUE DILIGENCE UPSIDE: Offered on an as-is, where-is basis with limited available information, providing investors the opportunity to underwrite and execute based on their own assumptions and strategy
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