Forestwood presents a compelling investment opportunity with $3M+ in recent capital improvements completed post-Hurricane Ida, including full roof replacements, new HVAC systems with upgraded electrical panels, and parking lot repairs—dramatically reducing future capital exposure for new ownership.
The property features spacious two- and three-bedroom units ranging from 956 to 1,100 SF. These multi-level, open-concept layouts offer a residential feel that appeals to families and renters seeking privacy and space.
With core infrastructure already addressed, new ownership can unlock further value through exterior enhancements (paint, landscaping) and interior upgrades, supporting rent growth and tenant satisfaction.
Additional upside includes the ability to elevate Classic units to Premium or Platinum finish levels, featuring new cabinetry, stainless steel appliances, LVP flooring, paneled doors, and modern fixtures—positioning the asset for premium rents.
Currently, only 15% of units offer in-unit washer/dryer hookups. Expanding this feature across more units presents a clear path to increased income via appliance rentals or rent premiums, while enhancing tenant convenience and retention.