Receivership Sale: 109-Unit Multifamily Value-Add | Chateau Royale

 109-Unit Multifamily Community – Large apartment community located at 4900 Lisa Street in Alexandria, Louisiana, consisting of twelve residential buildings situated on approximately 4.95 acres.

• Significant Lease-Up Opportunity – The property is currently approximately 9% occupied, presenting investors with the opportunity to stabilize operations through leasing vacant units.
• Attractive Basis Opportunity – Deferred maintenance and current operational challenges provide the potential to acquire the property at a basis well below replacement cost.
• Renovation and Repositioning Potential – Targeted capital improvements and professional management could improve unit quality, curb appeal, and overall operational performance.
• Proximity to Major Employment Drivers – Located near key regional employers including Fort Polk/JRTC, CHRISTUS St. Frances Cabrini Hospital, and Rapides Regional Medical Center, supporting long-term workforce housing demand.

Edge Capital Markets, in conjunction with RealINSIGHT Marketplace, is pleased to present for sale Chateau Royale, a 109-unit multifamily community located at 4900 Lisa Street in Alexandria, Louisiana. Originally constructed in 1974, the property consists of twelve residential buildings and a leasing office situated on approximately 4.95 acres, totaling approximately 112,440 rentable square feet.

Chateau Royale offers a diverse unit mix of one-, two-, and three-bedroom floor plans with an average unit size of approximately 1,032 square feet. Several of the larger units feature washer and dryer connections, an amenity that continues to appeal to long-term residents and families in the market.

The property is currently approximately 9% occupied, presenting investors with a compelling opportunity to stabilize operations and unlock value through lease-up and targeted capital improvements. As deferred maintenance is addressed and operations improve, the property offers the potential to bring rents closer to prevailing market levels within the Alexandria multifamily market.

Strategically located near major employers and supported by steady demand for workforce housing, Chateau Royale represents a scalable value-add investment opportunity for investors seeking to reposition a multifamily asset within a stable regional market.

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc. License: 1983. Starting Bid: $150,000