- For sale
The 122-unit Castlewood Apartment complex, located in Shreveport, LA, benefits from a sprawling low density setting complete with two large courtyards and two swimming pools. The property offers a balance mix of one, two, and three bedroom units. Its timeless design and brick construction is only enhanced by its superior location along one of Shreveport’s major suburban thoroughfares. New ownership will benefit from rent increases through amenity additions and upgrades such as a bark park, pool deck furniture, and possible grilling stations and clubhouse updates.
- New ownership will benefit from rent increases through amenity upgrades such as bark park, pool deck furniture, and possible grilling stations.
- Well-maintained and manicured asset located in one of Shreveport's best submarkets.
- Operations have only improved since the COVID-19 pandemic began.
- Trailing income is up significantly (average 9% month over month compared to early Spring 2020).
- Property is fully leased and immediate submarket occupancy averages to over 96%.