Apartments for Sale

The Local on Severn Apartment Listing

For Sale

The Local on Severn

New Orleans / Metairie, LA – 161 units

Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 161-unit The Local on Severn apartment community located in New Orleans’ most affluent neighborhood. This asset is situated off of I-10, just before Lake Pontchartrain and adjacent to Lakeside Shopping Center, giving residents prime access to major New Orleans, Metairie, Slidell and Covington employers. With minimal supply in the area, the property is primed for future rent growth. Built in 1974 and renovated in 2018, The Local on Severn represents an outstanding opportunity to invest in a value-add opportunity in a prime location with strong submarket fundamentals.


Houma Highlands Property Listing Larry Schedler

For Sale

Houma Highlands

Houma, LA – 378 Units

Larry G. Schedler & Associates, Inc. and The Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 378-unit Houma Highlands apartment community located in Houma, LA. Strategically situated in Southwest Houma, the property is just minutes from the Houma Crossing retail development and Southland Mall, providing residents convenient access to a plethora of national retailers and entertainment destinations. Houma Highlands benefits from an affluent demographic landscape, boasting an average household income of $117K within a 1-mile radius. Current ownership has fully renovated 49 units, achieving $119 premiums over classic units. New ownership is presented an exceptional opportunity to drive rental income by taking all units to an elevated finish level.


Diamond Lakes Property For Sale Larry Schedler

For Sale

Diamond Lakes

Lafayette, LA – 312 Units

 Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 312-unit Diamond Lakes apartment community located in Lafayette, Louisiana. The robust economic trends within the Lafayette MSA, highlighted by the projected addition of 3.8K jobs in 2024, are fueling a surge in demand, particularly for young families choosing to relocate. The strategic location of the property, within a convenient 15-minute drive of the MSA’s top ten employers, provides residents unparalleled access to employment opportunities. Beyond job accessibility, Diamond Lakes is just minutes from Lafayette’s largest retail corridor, boasting over 7.2M SF. Current ownership has undertaken substantial value-add initiatives including upgrades to 93 units, resulting in premiums of ~$100. New ownership can capitalize on this momentum by expanding the renovation scope to significantly increase income.


The Mansions at Ivy Lake New Property Listing

For Sale

Mansions at Ivy Lake

Gonzales, LA – 240 Units

 Larry G. Schedler & Associates, Inc. and the Cushman & Wakefield Sunbelt Multifamily Advisory Group are pleased to present the exclusive listing of the 240-unit Mansions at Ivy Lake apartment community located in Gonzales (Baton Rouge MSA), Louisiana. Built in 2008, most units retain their original finishes, presenting a prime renovation opportunity for new ownership. The property offers a favorable HUD loan assumption with over 35 years remaining at a remarkable 2.47% interest rate. Strategically located south of Baton Rouge, adjacent to I-10, the asset provides excellent access to major employment hubs, renowned for expertise in the healthcare, education and technology sectors. The suburb of Gonzales maintains a young, affluent population with an average age of 35 years old and a median household income of $111K+. In addition to job accessibility, the area boasts numerous high-quality retail centers, totaling over 4.5M SF in a 5-mile radius of the property. 


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