66 Units | 7200 Jewella Avenue, Shreveport , LA 71108
Offers Due Thursday September 29th, 2022
- Stabilized Asset
- Value-Add Opportunity
- 58,500 Total Square Feet
- 886 square feet Average Unit Size
- 1 bedroom/1 bath apartment units and 2 bedroom/2.5 bath townhomes
Average Unit Size
Electric Range and Stove
Built in Dishwasher
Central Heat and Air
Wheel Chair accessibility
Washer & Dryer Connections
Public Transportation Access
Tiffany Square Apartments is located in the West quadrant of Shreveport, LA, home to the mostly solid middle and working class of Shreveport. Growth in the western quadrant of Shreveport along the I-20 corridor has remained steady in recent years as big box users have moved in to facilitate the demand. Tiffany Square Apartments Is currently operating at 91% occupancy. Every unit on the property has washer and dryer connections, which allows this property to perform better than the surrounding competition. Based on the
surrounding rental survey, there are is a potential upside of 15% and 17% on the 1-bedroom units and 2-bedroom townhomes, respectively.
Shreveport/Bossier City is part of the area called the Ark-La-Tex, a U.S. socio-economic region where Arkansas, Louisiana, Texas, and Oklahoma intersect. The Shreveport—Bossier City MSA is home to Barksdale Air Force Base, Cyber Innovation Center, the Port of Caddo Bossier, multiple colleges and universities, as well as several upscale riverboat casinos that bring over 8.5 million tourists to the area each year.
North Louisiana’s 14 parishes of over 815,000 residents boast some of the most vibrant and diverse economies in the nation. The population within a 20 mile radius of Shreveport Bossier in 2021 was 370,836 with a projected 2026 population of 368,979. Shreveport’s strategic location at the intersection of I-49 and I-20 is also being considered for a new railway, adding rail travel as a possible means of transportation in addition to aviation and public transport. Source: US Census Bureau and ESRI forecasts.
Northwest Louisiana supports a large and sophisticated healthcare sector, a competitive manufacturing base, a reenergized oil and gas sector (through the exploration of the Haynesville Shale), a sizeable and diverse service sector and supplier network, a transforming timber/paper industry, a hospitality/gaming industry, federal installations and more.