Conveniently located with easy access to I-10, The Willows Apartments feature spacious, cable-ready one, two and three bedroom units with private patios, ample parking, two fully-loaded playgrounds, and a swimming pool. The property is a short drive to downtown New Orleans (15 minutes), with easy access to most major economic drivers in the market. Current ownership has 501c3 bonds in place on the property, which has rent restrictions in place until 2029. However, there is still a significant value-add opportunity to increase rent amounts to max allowable rents as well as stabilize the property to market rate occupancy. This is a strong low basis purchase opportunity with headroom for strong upside.

Ownership is in process of completing renovation of the 40 vacant units which are currently being preleased over the next month bringing the property to over 90% occupancy. 18 down units will remain in place.