REO Sale: Northwood Apartments | Value-Add Multifamily

Highlights:

• Primed for Value-Add Upside: All 104 units are in near original condition with laminate countertops, oak cabinets, and white appliances. Select units have hardwood-style floors
• Clear Path to Add Value: Nearby competitors have renovated units with higher-end laminate countertops, hardwood-style floors, and stainless steel appliances to achieve average rents over $340/unit greater than Northwood II
• Below-Market In-Place Rents: Offers new ownership the ability to quickly push top-line rents
• Excellent Rent Growth: 3.5% average annual effective rent growth over the next 5 years (RealPage)
• Stable Occupancy: East Shreveport submarket projects 95% occupancy over the next 5 years

Description:

Ri Marketplace Online Auction March 23-25, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2952/reo-sale-northwood-apartments-value-add-multifamily?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2952

Colliers and RI Marketplace are pleased to present Northwood Apartments, 104 units with immediate value-add upside in Shreveport, LA. Positioned next to a 2.5 million square foot Amazon distribution center (1,500 jobs), Northwood offers multiple paths to add value and capitalize on below-market rents.

Built in 1970, all 104 units are in near original condition featuring laminate countertops, oak cabinets, and white appliances. Select units have hardwood-style floors. A comprehensive renovation program that includes modern cabinets, higher-end laminate countertops, and black appliances unlocks significant annual revenue and helps differentiate the property from its competitive set. New ownership will leverage outstanding market rent growth, a lack of new supply, and proximity to major employers to push top-line revenue and time value-add improvements perfectly.



Lamar P. Fisher
Fisher Auction Company Inc.
License: 1983
Co: AB-424
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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