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Arbor Place Apartment Buildings
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720 Carrollwood Village Dr, Gretna, LA 70056

Multifamily property with affordable-program and regulatory restrictions.

Property SizeContact for details
Days on Market143

Property Features for 720 Carrollwood Village Dr

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Maestri Murrell Real Estate
Listed By: Jonathan Walker · License #LA 0000074518
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 7:57PM

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 Maestri Murrell Real Estate

Investment Insights

Based on property information with market context.

Arbor Place is a multifamily property in Gretna, Louisiana, at 720 Carrollwood Village Dr. The asset includes units subject to affordable housing program requirements and other regulatory restrictions established through tax credit requirements and regulatory agreements.

The property is described as a short drive from downtown New Orleans, placing it within reach of the city's employment base. A compliance period expiration of 12/2024 is identified for the affordable-program restrictions. Prospective purchasers should evaluate the applicable program requirements, regulatory agreements, and related restrictions with their own advisors.

Key Highlights

  • Multifamily property at 720 Carrollwood Village Dr, Gretna, LA 70056
  • Units subject to affordable housing program requirements
  • Tax credit and regulatory agreement restrictions apply

Property Analytics

Current Use

Belmont Village Apartments Apartment Complex E&A Janitorial Services General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Kitchen & Bath Showroom Skin Care Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 70056, LA

41,498
Population
15,784
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
6,103
Density / Sq Mi
$61,831
Median Household Income
$36,062
Median Earnings
$1,163
Median Rent
$223,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with affordable-program and regulatory restrictions.
Where is this apartment building located?
The property is located at 720 Carrollwood Village Dr Gretna, LA.
What are key features of this property?
This property features: Multifamily property at 720 Carrollwood Village Dr, Gretna, LA 70056; Units subject to affordable housing program requirements; Tax credit and regulatory agreement restrictions apply
(225) 298-1250 Call to check price and availability
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