Unpriced
West 68th Street Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 142,064
Units 196
Beds 2
Tenancy Vacant
Year Built 1968
Buildings 49
Acreage 9.500
Investment Type Value Add
Sale Condition For sale by owner
Multifamily Rehab | 196 Units | Opportunity Zone
Marketing description
A rare opportunity to acquire scaled, vacant-possession workforce multifamily product in one of the Gulf South's most actively re-rating industrial submarkets.
The asset sits within the Shreveport-Bossier City MSA in northwest Louisiana — a market that has drawn renewed investment attention amid announced data-center, logistics, and industrial development across the broader region, alongside federal neighborhood-revitalization activity.
A scaled, vacant block of two-bedroom workforce product, acquired at repositioning basis, with site work already complete and a defined path to add density — positioned ahead of a regional employment-growth narrative.
Investment highlights
- 196 garden-style units across approximately 9.5 acres, delivered with full vacant possession — a clean slate for a value-add repositioning without tenant-relocation friction or in-place lease constraints.
- Site and configuration support development of up to 12 additional units, providing a path from 196 to 208 total units and incremental density for the next owner's business plan.
- Located within federally designated QOZ Census Tract 233 (Caddo Parish). A qualifying buyer deploying eligible capital gains may pursue the program's tax advantages, subject to IRS requirements and independent tax counsel.
- Debris removal, perimeter fencing, site security, and interior unit preparation have been completed, reducing front-end execution time and carrying risk for an incoming sponsor.
- Positioned within the broader Shreveport-Bossier corridor, which has attracted significant announced data-center and industrial investment and federal neighborhood-revitalization funding. (Prospective purchasers should independently verify all third-party economic-development figures.)
- Predominantly unrenovated mid-century workforce stock across the submarket creates a differentiated position for a modernized, professionally managed community.
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