Commercial Property of the Week, sponsored by Elifin Realty: Fully stabilized apartment complex for sale

The Villas at Stone Creek is a 341-unit multifamily asset built in 1975 (and renovated in 2020) that sits on 14.31 acres. It is conveniently located just off I-12 along Sherwood Forest Boulevard, a major shopping corridor. The property is fully stabilized with an occupancy rate of 92 percent as of August 2020. It consists of 33 two- and three-story buildings with one-, two-, and three-bedroom units. It is surrounded by other complexes to the north and south, and 73 percent of the units have been fully renovated. The property is marketed by Mark Segalla in cooperation with Marcus & Millichap. For details, call Mark at 225.659.8656. View the listing here.