Pecan Creek Apartments

NAI Latter & Blum is pleased to present Pecan Creek, a 24-unit multifamily investment opportunity located at 6970 LA-1 in Mansura, LA. Ideally positioned directly across from the Paragon Casino Resort and Tamahka Trails Golf Club, the property offers residents unmatched access to the area’s premier entertainment and recreational amenities. With two entrances providing seamless access along LA-1 and Airport Dr., Pecan Creek connects easily to Marksville and surrounding Avoyelles Parish areas. As the only market-rate multifamily property of its size in the area, Pecan Creek presents a unique opportunity in a market with limited competition and strong rental demand. Key Deal Points - Well-maintained, stabilized property (96% occupancy) offering the next owner a turn-key investment with value-add potential that includes updating units from classic finishes to more modern finishes, mainly in the kitchen and bathrooms. - Attractive Unit Mix of 1Br & 2Br units. - Limited market-rate competition in the area. - Located across the street from the Paragon Casino & Resort which employs over 1,780 people. - Daily traffic count of 19,000 vehicles on LA-1 as of September 2024. - Flood Zone X. - New roof in 2017. - Built in 1995 & 1998. - Convenient access to local amenities, schools, and shopping centers, enhancing its tenant appeal. -9% CAP Rate based of the “Hybrid NOI” of $180k. This NOI takes into account the T’2 annualized collected income and applying pro forma expenses. Contact agents for additional information and questions.