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Renaissance Place 1870 Marshall Frank Dr 25 Unit Apartment Building $1,300,000 ($52,000/Unit) 10% Cap Rate Ville Platte, LA 70586

Apartment Buildings Louisiana Ville Platte 1870 Marshall Frank Dr, Ville Platte, LA 70586

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Investment Highlights

  • Has 3 to 4 acres extra to build additional units

Executive Summary

25 Houses and 1 Office / CLub House same street
All only 15 years old
No major work, just cosmetic issues
All 100% occupied with a waiting list
half on sec 8
Insurance 25k per yr
Taxes 10k yr

Attachments

Renaissance Place Apprasial

Property Facts

Price $1,300,000 Apartment Style Single-Family Home
Price Per Unit $52,000 Building Class C
Sale Type Investment Lot Size 7.45 AC
Cap Rate 10% Building Size 30,800 SF
Sale Condition Bulk/Portfolio Sale Average Occupancy 100%
Gross Rent Multiplier 1 No. Stories 1
No. Units 25 Year Built 2010
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype
Apartment
  • Multifamily Dormitory
 Parcel Number 811-0002840
Price $1,300,000
Price Per Unit $52,000
Sale Type Investment
Cap Rate 10%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 1
No. Units 25
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Single-Family Home
Building Class C
Lot Size 7.45 AC
Building Size 30,800 SF
Average Occupancy 100%
No. Stories 1
Year Built 2010
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parcel Number 811-0002840

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Family Room
  • Vinyl Flooring
  • Large Bedrooms

Site Amenities

  • Clubhouse
  • Maintenance on site
  • Online Services
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 8 $600.00 1,200
3+2 9 $700.00 1,300
5+2 8 $800.00 1,500
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Source: Local Logic®
(337) 256-9295

Still interested?

Contact the broker for more information about this property

Contact

  • Greg Johnson
    Greg Johnson
  • G Johnson Media Corp

  • Listing ID: 39606875

  • Date on Market: 2/27/2026

  • Last Updated:

  • Address: 1870 Marshall Frank Dr, Ville Platte, LA 70586

More public record information on 1870 Marshall Frank Dr, Ville Platte, LA 70586

The Multifamily Property at 1870 Marshall Frank Dr, Ville Platte, LA 70586 is currently available for Sale. Contact G Johnson Media Corp for more information.

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Renaissance Place | 1870 Marshall Frank Dr
(337) 256-9295 x

Renaissance Place | 1870 Marshall Frank Dr

Greg Johnson
(337) 256-9295

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