Forest Oaks Apartments
REDEVELOPMENT & REPOSITIONING OPPORTUNITY
Marketing description
ABSOLUTE SALE
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Colliers, in partnership with Crexi, is pleased to present the opportunity to acquire Forest Oak Apartments, a distressed multifamily asset located at 1674 David Raines Road in Shreveport. Situated on approximately 5.00 acres, the property was originally developed in 1969 and historically consisted of eight garden-style apartment buildings totaling 48 units.
Forest Oak Apartments offers investors a compelling opportunity to acquire a well-located site at an attractive basis, with the ability to pursue a range of repositioning or redevelopment strategies. Based on available information and visual observations, the property is currently vacant and in a distressed condition, with limited clarity regarding the status of existing improvements. As such, the offering presents a blank-slate opportunity for investors to selectively redevelop the site or reimagine the property to align with current market demand.
The site is zoned for multifamily use and features a density profile that may support additional units beyond the historically existing improvements, further enhancing long-term redevelopment potential. The surrounding area is characterized by a strong renter base and accessible housing dynamics, supporting sustained demand for workforce-oriented housing.
Forest Oak Apartments represents a rare opportunity to acquire a challenged asset with meaningful upside, allowing investors to reposition the site through redevelopment , reconfiguration, or potential ground-up construction.
- 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
1674 David Raines Rd, 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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