52,237 ft²

Mark Segalla
Mark Segalla

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Ascension Townhomes, located in the fastest growing parish in the state, is now available for sale. This 48-unit complex is an excellent opportunity with potential upgrades available for the future owner to increase rents and keep expenses low. The complex is located less than a mile from Airline Hwy and sits near a Planet Fitness, a movie theater, a bowling alley, and other retail centers. With strong historical occupancy and below-market rents, Ascension Townhomes provides an appealing investment opportunity in Ascension Parish.

  • 48 Units - 12 Buildings
  • All Units are 2 Bed / 1.5 Bath
  • 7.07% Pro Forma Cap Rate

The Space
Asking Price$3,300,000
Available Space52,237 ft²

The Building - Ascension Townhomes Apartment Complex For Sale

Conveniently located a few hundred feet off of Hwy 44 (N Burnside Ave) and just north of where Hwy 44 intersects with Airline Hwy, this complex is less than a mile from planet fitness, a movie theater, a bowling alley, Walgreens, CVS, and a whole host of shopping, dining, and entertainment options. The closest major grocery stores, Rouses and Walmart Supercenter, are a short 5 minute drive from the complex. This apartment complex lies within the highly regarded Ascension Parish School District and the specific school zones are G. W. Carver Primary School, Gonzales Middle School, and East Ascension High School.

Property TypeMultifamily
Building Size52,237 ft²
Lot Size2.18 AC
ZoningA portion is zoned Mixed Use Corridors (MU) and the remainder is zoned Medium Intensity (RM)
Year Built1984
Parking Ratio2.04/1000sf
Parking Spaces107
Mark Segalla
Mark Segalla