5855 Citrus Blvd

Presenting the Citrus Apartments in Elmwood, LA— a strategically located 64-unit studio apartment property near Harahan just off Dickory offering strong income potential and long-term upside in one of Jefferson Parish’s most resilient rental corridors. Situated on the edge of the thriving Elmwood Business Park, this asset benefits from consistent tenant demand driven by proximity to major employment hubs, national retailers, and regional transit routes. The all-studio unit mix caters to a growing demographic seeking affordability, convenience, and minimal-maintenance living, resulting in strong occupancy rates and operational efficiency.

All New Hardie-Plank Exterior & Roof

7% + Cap Rate on Current Operations

Efficient Property to Operate & Manage

Long-Term Income & Rent Growth Potential

With limited studio inventory in the surrounding submarket and steady economic activity anchored by Elmwood’s commercial core, the Citrus Apartments represent a rare opportunity to acquire scale in a supply-constrained area. Investors will appreciate the property's stabilized performance, value-add potential through interior upgrades, and a favorable rental market that supports continued multifamily use. This is a compelling acquisition for investors focused on cash flow, market stability, and future appreciation in the Elmwood/Harahan submarket.