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    Apartment buildings

    0 Davis Dr, Pineville, LA 71360

    2.54 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.54-acre multifamily development opportunity in Pineville, Louisiana, presents a compelling investment prospect. Located at 0 Davis Dr, 71360, this property boasts four contiguous tracts, offering significant flexibility for development. The land is zoned for multi-family use, making it ideal for constructing apartments or townhouses. One tract already features a duplex foundation, ready for framing, representing a significant head start on construction. The property's location in Rapides Parish, Louisiana, provides access to local amenities and infrastructure. The APN numbers are 0401802440001201, 0401875092000701, 0401875092000601, and 0401875092000801. The asking price for this prime development land is $141,000. Note that the property is situated in an AE flood zone, a factor that should be considered in any development plans. This presents a unique chance to acquire a substantial parcel of land with existing infrastructure, poised for immediate development in a growing area. The property's size and zoning make it suitable for a variety of multifamily projects, catering to the increasing demand for housing in the region. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Property profile
    Verified
    Property type Apartment buildings
    Lot 2.54 ac (110,642 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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