Multifamily
Multifamily Redevelopment Opportunity
1230 Old Robeline Rd, Natchitoches, LA 71457
Listing Price: $1,900,000
Investment Overview
1230 Old Robeline Road is a partially renovated 43-unit multifamily redevelopment opportunity located near Northwestern State University in Natchitoches, Louisiana. The asset offers investors the ability to acquire an in-process renovation at an attractive basis and complete the business plan through targeted capital investment, lease-up, and professional management.
The property has already benefited from meaningful capital improvements, with approximately $725K+ reportedly invested to date. Renovation work completed or underway includes new roofs, exterior repairs and paint, fencing and gates, tree and brush removal, driveway and common area repairs, new exterior doors, energy-efficient windows, partial electrical rewiring, appliances, fixtures, and five completed units.
With 5 renovated units reportedly leased and 37 units remaining gutted and incomplete, the property offers a defined path to value creation. A new owner can complete the remaining renovation program, estimated at approximately $900K–$1.0M, and execute a lease-up strategy supported by the asset’s proximity to NSU, local employers, medical facilities, retail, and major area thoroughfares.
Multifamily Redevelopment Opportunity
Investment Highlights
- 43-unit partially renovated multifamily opportunity near Northwestern State University in Natchitoches, Louisiana.
- Approximately $725K+ reportedly invested to date in roofs, exteriors, fencing, windows, doors, wiring and unit finishes.
- 5 renovated two-bedroom units reportedly completed and leased, providing early proof of rental demand.
- 37 units remain gutted/incomplete, offering a clear path to value creation through renovation completion and lease-up.
- Estimated $900K–$1.0M remaining CapEx allows a new owner to control final scope, finishes and execution strategy.
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Listing Price: $1,900,000
Investment Highlights
- 43-unit partially renovated multifamily opportunity near Northwestern State University in Natchitoches, Louisiana.
- Approximately $725K+ reportedly invested to date in roofs, exteriors, fencing, windows, doors, wiring and unit finishes.
- 5 renovated two-bedroom units reportedly completed and leased, providing early proof of rental demand.
- 37 units remain gutted/incomplete, offering a clear path to value creation through renovation completion and lease-up.
- Estimated $900K–$1.0M remaining CapEx allows a new owner to control final scope, finishes and execution strategy.
Investment Overview
1230 Old Robeline Road is a partially renovated 43-unit multifamily redevelopment opportunity located near Northwestern State University in Natchitoches, Louisiana. The asset offers investors the ability to acquire an in-process renovation at an attractive basis and complete the business plan through targeted capital investment, lease-up, and professional management. The property has already benefited from meaningful capital improvements, with approximately $725K+ reportedly invested to date. Renovation work completed or underway includes new roofs, exterior repairs and paint, fencing and gates, tree and brush removal, driveway and common area repairs, new exterior doors, energy-efficient windows, partial electrical rewiring, appliances, fixtures, and five completed units. With 5 renovated units reportedly leased and 37 units remaining gutted and incomplete, the property offers a defined path to value creation. A new owner can complete the remaining renovation program, estimated at approximately $900K–$1.0M, and execute a lease-up strategy supported by the asset’s proximity to NSU, local employers, medical facilities, retail, and major area thoroughfares.
Exclusively Listed By
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