Louisiana Portfolio

Ville Platte, LA & Mamou, LA
Status: Available
Year Built: 2008-2012
Price: $2,350,000
For more information please contact:
mike@lihtcadvisors.com
In Cooperation with:

Larry G. Schedler, CCIM
Larry G. Schedler & Associates, Inc.
One Lakeway
3900 N Causeway Blvd., Suite 1200
Metairie, LA 70002
504-836-5222
larry@larryschedler.com
Licensed in LA, MS, AL

Price Per Unit: $34,559
Price Per SF: $38.83
# of Units: 68
# of Stories: 1 & 2
Rentable SF: 60,520

Highlights:

  • Scattered Site Multi-Family Properties Located in Ville Platte, LA and Mamou, LA
  • All Properties are Located Within an Opportunity Zone and Qualified Census Tract
  • The Properties have Historically Maintained 100% Occupancy with a Wait List
  • The Local Housing Authority Recently Agreed to Increased Rental Assistance on All 2-Bedroom Units
  • Upside Opportunity in Splitting the Townhome Units into Separate Parcels at the End of the Regulatory Compliance Period
  • The Properties are Well Located in the Newer Area of Ville Platte and in Close Proximity to the Parish Industrial Park, which Offers Abundant Job Opportunities

Description:

The Ville Platte and Mamou portfolio is a 68 unit scattered site property consisting of three separate multi-family housing communities. Ben & Clem Estates is a 16-unit community comprised of one, two, three, and four bedroom floorplans. Adjacent to Ben & Clem is Lafleur Landing I, II, & III, a 42-unit affordable housing community with two bedroom townhome style floorplans that come with an attached garage. Both properties are located within Ville Platte, LA near Walmart, restaurants, and Mercy Regional Medical Center. Thomas Landing, located in the nearby town of Mamou, LA, is a 10-unit affordable housing community with two bedroom townhome style floorplans with attached garages.

The properties were built using HOME grant funding provided to the state of Louisiana by the U.S. Department of Housing and Urban Development (HUD). There are existing regulatory agreements in place which requires all units to be rented to income qualifying residents earning no more than 50% & 65% of Area Median Income (AMI) limits, which are updated annually by HUD.

Property Units Year Built Address
Ben & Clem Estates
16
2008
1123 N. Chataignier Street, Ville Platte, LA 70586
Lafleur Landing I
14
2010
1111 N. Chataignier Street, Ville Platte, LA 70586
Lafleur Landing II
14
2011
1119 N. Chataignier Street, Ville Platte, LA 70586
Lafleur Landing III
14
2012
1170 N. Chataignier Street, Ville Platte, LA 70586
Thomas Landing
10
2011
1209 Celestine Street, Mamou, LA 70554

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