Almond Tree Apts 5855 Citrus Blvd 64 Unit Apartment Building $4,825,000 ($75,391/Unit) 7.11% Cap Rate New Orleans, LA 70123

Don Randon Real Estate, Inc. is pleased to present to a select group of qualified prospects the exclusive listing of the 64-unit Almond Tree Apartments at 5855 Citrus Blvd, New Orleans, Louisiana. The asset is situated at the edge of Elmwood Business Park just off Dickory Avenue, giving residents prime access to major nearby employers. The Elmwood Business Park is a major commercial and industrial district with millions of square feet of commercial & industrial warehouses, offices, and distribution centers in the New Orleans area near Harahan and Metairie. In addition to job accessibility, the area boasts numerous high-quality retailers within the Elmwood Shopping Center in the immediate vicinity of the property. The area surrounding the property is a mature single- and multi-family neighborhood with an impressive average household income. The property is debt free and with limited new supply in the area is primed for future rent growth and consistent long-term performance. The Almond Tree Apartments present an outstanding opportunity to invest in a value-add, long-term investment in a prime location with strong submarket fundamentals.