225-610-0860
2700 Mary St, Slidell, LA for Sale
Apartments - FOR SALE
1/43
null | Request Cap Rate


OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

94

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forestwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1 AC

LAND SF

222,038 SF

ZONING

A-8

APN/PARCEL ID

91895

ASK ABOUT THIS PROPERTY

Dan GurleyThe Kirkland CompanyMore Info
225-610-0860

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Dan GurleyThe Kirkland CompanyMore Info
225-610-0860

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.