90-Unit Affordable Multifamily
For Sale
$2,350,000
Pending
43542 Willow Villa Rd, Hammond, LA 70403
Two stabilized communities feature single-family-style homes with three- and four-bedroom layouts.
Property Size56,000 SF
Days on Market204
Property Features for 43542 Willow Villa Rd
General Information
Standard status
Pending
Size
56,000 SF
Total Parking Spaces
46
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$358,312
Additional Details
Cap Rate
7.46%
Multifamily Units
90
Amenities
Power
Water
Sewer
46 Parking Spaces
Building Details
Year Built
2004
Listing Agency:
Stirling Baton Rouge
Listed By:
Justin Langlois
(225) 445-6434
Source:
Lacdb.resimplifi
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 14 at 7:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling Baton Rouge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily portfolio includes two affordable housing communities totaling 90 units: Moss Oaks in New Iberia and Homes at Willow Villas in Hammond. The properties provide single-family-style three- and four-bedroom homes and were built in 2004, with a combined property size of 56,000 square feet.
Both communities are fully occupied and operate within the LIHTC Extended Use period under Section 42. Current rents remain below maximum allowable levels, supporting program-governed rent adjustments through the mark-to-max mechanism. The portfolio serves two rural Louisiana markets, with Hammond supported by Southeastern Louisiana University and North Oaks Medical Center, while New Iberia benefits from energy, agriculture, and tourism activity.
Both communities are fully occupied and operate within the LIHTC Extended Use period under Section 42. Current rents remain below maximum allowable levels, supporting program-governed rent adjustments through the mark-to-max mechanism. The portfolio serves two rural Louisiana markets, with Hammond supported by Southeastern Louisiana University and North Oaks Medical Center, while New Iberia benefits from energy, agriculture, and tourism activity.
Key Highlights
- 90 units across Moss Oaks in New Iberia and Homes at Willow Villas in Hammond
- 100% occupied affordable housing portfolio
- Single‑family‑style homes with three- and four‑bedroom layouts
Property Analytics
Current Use
Lease Details
90
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two stabilized communities feature single-family-style homes with three- and four-bedroom layouts.
Where is this multifamily property located?
The property is located at 43542 Willow Villa Rd Hammond, LA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 90 units across Moss Oaks in New Iberia and Homes at Willow Villas in Hammond; 100% occupied affordable housing portfolio; Single‑family‑style homes with three- and four‑bedroom layouts
