2700 Mary St, Slidell, LA 70458

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Building Details:

Forestwood is a Class C+ apartment complex located near downtown Slidell next to the St Tammany Parish Municipal Building. Consisting of 93 units, Forestwood was built in the late 1970’s, and acquired from the original developer in 2011. The first floor was flooded by Hurricane Isaac in 2011, and nearly all of the interiors have now received upgrades including sheetrock, countertops, flooring, and appliances. Occupancy has hovered around 95% over the past three years, with no concessions currently being given for new leases. Rents are below market and expenses are high, due to the fact that the property is being self-managed and renovations of the interiors have been ongoing. Tenants pay electricity, cable, internet, owner pays trash, sewer, water. Contact Agent for additional information and site tours.