Skip to main content

Multifamily

Riverside Oaks Apartments

109 Southfield Rd, Shreveport, LA 71105

Listing Price: Request For Offer

Number of Units
185
Occupancy
76.0%

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Riverside Oaks Apartments community in Shreveport, LA.

Perfectly situated in the heart of Shreveport with immediate access to big box users, hospitals, restaurants, and the flagship local high school, Riverside Oaks is poised to recapture its original expectations of being one of the premier living locations within the city.
Riverside Oaks is 185 units with a balanced mix of spacious one, two and three-bedroom floorplans. The community offers an array of amenities for tenants including a swimming pool, covered parking, community grills and picnic area situated on a lush courtyard with mature trees, a playground and more.

Riverside Apartments enjoys great curb appeal and benefits from a recent $2.3mm renovation effort. (Detailed capital improvement schedule available in the online document vault.) There is a clear and demonstrated path to realizing significant revenue growth by continuing the in-place value-add strategy based on upgrading unit interiors. Five units have been upgraded with new cabinetry, upgraded LVP flooring, appliance packages, countertops, doors, finishes, modern paint colors and more. (Classic vs upgraded rent analysis is detailed on the following page.) By continuing this strategy to completion, the new operator will rise to the top of the competitive set given Riverside’s superior location and curb appeal.

The Shreveport-Bossier Metro (pop 327,000) sits on Interstate 20 and is intersected by the Red River.
The economic stability of the area can be attributed to businesses investing in Shreveport highlighted by 1,600 new jobs created by Ochsner-LSU Health Sciences and Amazon’s $200 million fulfillment center that is currently under construction and will employ 1,000+ direct jobs, 1,118 indirect jobs and 800 construction jobs. (See Market Overview for more economic drivers and details)

Approximately two-thirds of the existing apartment inventory in the metro is greater than 20 years old. Within the past 10 years, apartment inventory increased less than 5%. The vintage of current inventory indicates a shortage of newer development highlighting the opportunity to reposition well-located apartment complexes like Riverside Oaks Apartments.

Investment Highlights

  • Ideally located in upscale neighborhood
  • Opportunity to continue in-place value-add strategy with clear path to revenue growth
  • Great curb appeal with brick construction situated on mature grounds with amenities

Exclusively Listed By

Multifamily

Riverside Oaks Apartments

Listing Price: Request For Offer

Number of Units
185
Occupancy
76.0%

Investment Highlights

  • Ideally located in upscale neighborhood
  • Opportunity to continue in-place value-add strategy with clear path to revenue growth
  • Great curb appeal with brick construction situated on mature grounds with amenities

Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Riverside Oaks Apartments community in Shreveport, LA. Perfectly situated in the heart of Shreveport with immediate access to big box users, hospitals, restaurants, and the flagship local high school, Riverside Oaks is poised to recapture its original expectations of being one of the premier living locations within the city. Riverside Oaks is 185 units with a balanced mix of spacious one, two and three-bedroom floorplans. The community offers an array of amenities for tenants including a swimming pool, covered parking, community grills and picnic area situated on a lush courtyard with mature trees, a playground and more. Riverside Apartments enjoys great curb appeal and benefits from a recent $2.3mm renovation effort. (Detailed capital improvement schedule available in the online document vault.) There is a clear and demonstrated path to realizing significant revenue growth by continuing the in-place value-add strategy based on upgrading unit interiors. Five units have been upgraded with new cabinetry, upgraded LVP flooring, appliance packages, countertops, doors, finishes, modern paint colors and more. (Classic vs upgraded rent analysis is detailed on the following page.) By continuing this strategy to completion, the new operator will rise to the top of the competitive set given Riverside’s superior location and curb appeal. The Shreveport-Bossier Metro (pop 327,000) sits on Interstate 20 and is intersected by the Red River. The economic stability of the area can be attributed to businesses investing in Shreveport highlighted by 1,600 new jobs created by Ochsner-LSU Health Sciences and Amazon’s $200 million fulfillment center that is currently under construction and will employ 1,000+ direct jobs, 1,118 indirect jobs and 800 construction jobs. (See Market Overview for more economic drivers and details) Approximately two-thirds of the existing apartment inventory in the metro is greater than 20 years old. Within the past 10 years, apartment inventory increased less than 5%. The vintage of current inventory indicates a shortage of newer development highlighting the opportunity to reposition well-located apartment complexes like Riverside Oaks Apartments.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower