- For Sale $2,700,000
- Property Type Multi-Family
- Property Size 61,736 SF
- Units 56
- Lot Size 5 Acre
- Additional Rent Contact for pricing
- Year Built 2000
- Date Updated Jul 15, 2024
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Highlights
- Property Highlights:
- $1.47M in Value-Add Upside, Market Rate leases in the mid $700s
- 2.5 Miles from Louisiana Tech, 3.0 Miles from Grambling State
- Current Effective Rents of $596, Max Rents Allowable of $891
- Eligible for Qualified Contract (Compliance Period ended in 2015)
- Over $800,000 in Capital Expenditures spent improving the property
- NEW Sewer Lift Station installed in June 2023
- Interior rehab done to nearly half of the units (Detail varies by unit)
- On-Site Property Manager and Maintenance.
- On-Site Laundry with CSC contract
- Leasing Office/Clubhouse with event space and central mail
False
Contacts
Location
Getting Around
-
Walk Score ®
2/100 Car-Dependent -
Bike Score ®
20/100 Somewhat Bikeable
- City Ruston, LA
- Neighborhood Ruston
- Zip Code 71270
Points of Interest
-
Walmart
2.58 miles
-
Exxon
2.79 miles
-
Circle K
3.63 miles
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Circle K
4.60 miles
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Courtyard
3.82 miles
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Fairfield Inn & Suites by Marriott Ruston
4.49 miles
-
Country Inn & Suites by Radisson, Shreveport-Airport, LA
4.56 miles
-
Days Inn by Wyndham Ruston LA
4.64 miles
-
Holiday Inn Express & Suites Ruston
5.03 miles
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McCall Dining Hall
2.26 miles
-
In-n-Out Donuts
2.31 miles
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Subway
2.38 miles
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Sonic
2.46 miles
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Papa John's
2.48 miles
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Popeyes
2.50 miles
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El Jarrito Fresh Mex
2.63 miles
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Taco Bell
2.63 miles
-
Dairy Queen
2.63 miles
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Domino's
2.63 miles
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Cypress Springs Elementary School
1.27 miles
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Louisiana Tech South Campus
1.75 miles
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I A Lewis Elementary School
1.91 miles
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Lincoln Center School
1.98 miles
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Lincoln Parish Career Academy School
2.01 miles
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Grambling State University Laboratory High School
2.01 miles
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Grambling State University
2.20 miles
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A E Phillips Laboratory School
2.28 miles
-
Bethel Christian School
2.38 miles
-
Louisiana Tech University
2.43 miles
Frequently Asked Questions
How much does Cinnamon Court cost?
The space currently listed for sale at Cinnamon Court asks for $2,700,000.
What is the total square footage of Cinnamon Court?
Cinnamon Court totals 61,736 square feet.
When was this property built?
Cinnamon Court was built in 2000.
Looking for more in-depth information on this property?
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Contact Listing Broker
Andrew Mulhall
SVN | AVAT Realty