$11,500,000
$750K PRICE DROP

240 Clarence Ave New Llano, LA 71461

Estimated payment $72,771/month

Total Views 7,274
-- Bed
-- Bath
162,000 Sq Ft
$71 Price per Sq Ft

About This Home

Seven Oaks Leesville offers 162 units in a great location with stable rental income. Upscale amenities, professional management and potential value-add opportunities make it attractive investment. Proven occupancy history and strong financial performance add to its appeal. Schedule a tour today to explore this premier multi-family asset.

Listing Agent

Braxton Higginbotham

Scout Real Estate Co. License #9957099385 Listed on: 05/13/2024

Property Details

Home Type

  • Multi-Family

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 162,000 Sq Ft Home
  • Carpet
  • Dryer

Kitchen

  • Electric Cooktop
  • Dishwasher

Parking

  • 2 Parking Spaces
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Community Details

Overview

  • 162 Units
  • Seven Oaks Leesville Condos

Building Details

  • Operating Expense $320,375
  • Net Operating Income $965,111

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: irregular
  • Subdivision Name: None
  • Directions: Head north on US-171 towards Leesville, turn left on Vernon St. Property is on the left.
  • Building Name: Seven Oaks Leesville
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Dryer, Electric Cooktop
  • Flooring: Carpet

Exterior Features

  • Construction Type: Frame, Brick Veneer, HardiPlank Type
  • Foundation Details: Slab
  • Roof: Metal, Tile

Garage/Parking

  • Parking Features: Parking Lot
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer

Schools

  • Elementary School: Call School Board
  • High School: Call School Board
  • Middle Or Junior School: Call School Board

Multi Family

  • Number Of Units Total: 162
  • Property Net Operating Income: 965111
  • Annual Operating Expense: 320375.28

Tax Info

  • Tax Lot: 0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $11,500,000 -4.1% $71 / Sq Ft
05/06/2025 05/06/25 For Sale $11,997,000 0.0% $74 / Sq Ft
05/06/2025 05/06/25 Off Market -- -- --
07/26/2024 07/26/24 Price Changed $11,997,000 -2.1% $74 / Sq Ft
05/13/2024 05/13/24 For Sale $12,250,000 -- $76 / Sq Ft
Source: REALTOR® Association of Acadiana

Source: REALTOR® Association of Acadiana

MLS Number: 24004606

REALTOR® Association of Acadiana
Louisiana Vernon Parish New Llano 71461

240 Clarence Ave, New Llano, LA

This home is located at 240 Clarence Ave, New Llano, LA 71461 and is currently priced at $11,500,000, approximately $70 per square foot. 240 Clarence Ave is a home located in Vernon Parish with nearby schools including First Assembly Christian Academy, Faith Training Christian Academy Elementary, and Faith Training Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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Braxton Higginbotham
Listing Agent
Braxton Higginbotham
Section Image
Scout Real Estate Co.
(337) 415-1906