Strategic location within the New Orleans MSA with close proximity to local employers and conveniences.
Large units well below market rates on both a lease rate and price per square foot basis with the ability to raise rents significantly through a valued program. Ability to acquire property in a coveted market in Jefferson parish with minimal new units constructed due to geographical barriers.
Bellemont Apartments has the opportunity to raise rents significantly to match current market comp properties. Comparable properties are within a 1-mile radius of subject site.