- 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 Sep 13, 2024
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Reach out to the broker for more info on lease terms and amenities
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
- Zip Code 71270
Points of Interest
-
Conoco
2.13 miles
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Chevron
2.60 miles
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Exxon
2.73 miles
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VP Racing
2.80 miles
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QuikTrip
3.41 miles
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Tesla Destination Charger
3.48 miles
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Tesla Supercharger
4.14 miles
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Circle K
4.60 miles
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Super 8
2.70 miles
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The Lewis House Victorian Bed & Breakfast
3.17 miles
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Sleep Inn & Suites
3.45 miles
-
Hampton
3.48 miles
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Courtyard
3.82 miles
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Fairfield Inn & Suites
4.49 miles
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Comfort Inn & Suites
4.56 miles
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Days Inn
4.64 miles
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Quality Inn
4.75 miles
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Holiday Inn Express & Suites
5.03 miles
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McCall Dining Hall
2.26 miles
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Subway
2.27 miles
-
Griff's Hamburgers
2.28 miles
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In-N-Out Donuts
2.31 miles
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Teriyaki
2.34 miles
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Sam's Southern Eatery
2.36 miles
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Sushic
2.38 miles
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Moe's Southwest Grill
2.38 miles
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Beau Vines Steakhouse
2.39 miles
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Chick-fil-A
2.42 miles
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Cypress Springs Elementary School
1.25 miles
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Louisiana Tech South Campus
1.70 miles
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I A Lewis Elementary School
1.93 miles
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Lincoln Center School
1.99 miles
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Grambling State University Laboratory High School
2.01 miles
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Grambling State University
2.24 miles
-
A E Phillips Laboratory School
2.28 miles
-
Bethel Christian School
2.35 miles
-
Louisiana Tech University
2.45 miles
-
A J Brown Elementary School
2.49 miles
-
Lincoln Head Start
2.28 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