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Forestwood Apartments 2700 Mary St 94 Unit Apartment Building For Sale Slidell, LA 70458
INVESTMENT HIGHLIGHTS
- Over $3M in recent capital improvements: roofs, HVAC systems, electrical panels, and parking lot repairs
- Opportunity for exterior and interior upgrades to drive rent growth
- Washer/dryer hookup expansion opportunity to boost income and tenant retention
- Spacious 2- and 3-bedroom units (956–1,100 SF) with open-concept, multi-level layouts
- Upside potential through finish level upgrades (Premium/Platinum) with modern features
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 5.10 AC |
| No. Units | 94 | Building Size | 61,230 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | ||
| Zoning | A-8 | ||
| Sale Type | Investment |
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 61,230 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Zoning | A-8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Breakfast Nook
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 700 |
| 2+1.5 | 22 | - | 950 |
| 2+2 | 16 | - | 956 |
| 3+2 | 24 | - | 1,100 |
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Forestwood Apartments | 2700 Mary St
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