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    240 Clarence Ave New Llano, LA 71461

    Sponsored
    For Sale
    $11,997,000

    162-unit apartment complex, high NOI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Seven Oaks Leesville, located at 240 Clarence Ave, New Llano, LA 71461, presents a compelling multifamily investment opportunity. This Class B apartment building comprises 162 units spread across 18 two-story buildings, offering a substantial rental income stream. The property boasts a strong 92% occupancy rate, generating a Net Operating Income (NOI) of $882,524, resulting in an attractive 7.36% capitalization rate. Each of the 162 units includes one designated parking space. The asking price for this exceptional property is $11,997,000, translating to a price per unit of $74,055.56. Situated in Vernon Parish, Louisiana, this asset benefits from a proven history of strong financial performance and stable rental income. The property is currently offered for sale by owner and presents potential value-add opportunities for a discerning investor. This premier multifamily asset is ready for immediate ownership.

    Property Features for 240 Clarence Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Buildings
    18
    Stories
    2
    Units
    162

    HighLights

    • $11,997,000 asking price for a 162‑unit apartment building.
    • 7.36% cap rate with $882,524 NOI and 92% occupancy.
    • Class B multifamily property located at 240 Clarence Ave, New Llano, LA 71461.
    • 18 buildings, 2 stories each, with 162 parking spaces (1 per unit).
    • $74,055.56 price per unit; For Sale By Owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mona Lisa Apartments Apartment Complex

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Llano
    County
    Vernon Parish
    State
    Louisiana
    Longitude
    -93.277907995778
    Latitude
    31.111810494754

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    FAQs

    What type of property is this?
    Multifamily property - 162-unit apartment complex, high NOI.
    Where is this multifamily property located?
    The property is located at 240 Clarence Ave New Llano, LA.
    What is the asking price?
    The asking price for this property is $11,997,000.
    What are key features of this property?
    This property features: $11,997,000 asking price for a 162-unit apartment building.; 7.36% cap rate with $882,524 NOI and 92% occupancy.; Class B multifamily property located at 240 Clarence Ave, New Llano, LA 71461.
    Request Owner's contact information
    240 Clarence Ave New Llano, LA 71461
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    New Llano, LA 71461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Clarence Ave New Llano, LA 71461
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