Property profile

0 Davis Dr Pineville, LA 71360

OFF-MARKET
Apartment buildings
2.54 ac lot
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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

Location

Davis Dr Pineville, LA 71360
Pineville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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