SINGLE-FAMILY HOME PORTFOLIO – GREATER NEW ORLEANS MSA Slidell, LA

ACQUISITION OPPORTUNITY

SINGLE-FAMILY HOME PORTFOLIO – GREATER NEW ORLEANS MSA

• Location: All properties are situated in St. Tammany Parish, primarily in Slidell, with a few located in the Covington area—just north of Lake Pontchartrain.
• Property Details:
  • Home sizes range from 3 to 4 bedrooms, 2 baths
  • Approximately 1,500 to 2,000 square feet per home
  • Total rentable square footage: 61,681 SF
  • Homes were originally built between the 1970s and 1990s
• Occupancy Status:
• 10 homes currently leased and occupied
• 31 homes vacant, providing significant value-add potential
• Rental Income Potential:
• Current rents range from $1.25/SF to $1.70/SF
• Area average rental rate: $1.41/SF

Slidell is a vibrant city with a population exceeding 28,000, conveniently located just 25 minutes from New Orleans. The city offers robust infrastructure, with Interstates I-10, I-12, and I-59 converging in the area, ensuring excellent connectivity throughout the region. Residents enjoy a strong local economy, ample retail and recreational amenities, and access to quality education via the St. Tammany Parish Public School System. If the entire portfolio is leased at market average rent:

• Gross Rent: 61,681 SF × $1.41 × 12 = $1,042,367
• Expenses (35%): $364,828
• NOI (100% occupancy): $677,539

Cap Rate	Value
6.5%	$10.4M
7.0%	$9.68M
8.0%	$8.47M

For more details on purchasing this Single Family Home Portfolio, please contact Kelly Toney at ktoney@tranzon.com or 713-816-1123.

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, LA Auctioneer #LA-2117 & Broker 76381-ACT

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Kelly Toney, CAI

Kelly Toney, CAI: Tranzon Asset Advisors

713-816-1123 ktoney@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

• Buyer's Premium: For more information Contact Agent.
• Closing: For more information Contact Agent.
• Deposit Amount: For more information Contact Agent.
• Buyer Agent Compensation: For more information Contact Agent.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.