100 North Melrose Avenue

• 216 Multifamily Units | Natchitoches, Louisianna
• Amenitized Apartment Complex | Amenities include a fitness center, pool, clubhouse, study lounges, and business center.
• Robust Economic Drivers | The property benefits from a diversified local economy, with major employers like RoyOMartin, Pilgrim’s Pride, Alliance Compressors, and International Paper fueling job growth and attracting new residents.
• Strategic Transportation Access | The Melrose benefits from its proximity to major highways, including Interstate 49 and Highway 6, providing seamless connectivity to major cities like Shreveport and Alexandria.

Property Description

SCOPE is pleased to present the opportunity to acquire The Melrose, a 216-unit multifamily complex located in Natchitoches, Louisiana. The Melrose is a 216-unit multifamily complex comprising 88 one-bedroom, one-bathroom units, 112 two-bedroom, one-bathroom units, and 16 three-bedroom, one-and-a-half-bathroom units. The one-bedroom units are currently achieving an average rent of $878 per month, the two-bedroom units average $995 per month, and the three-bedroom units rent for an average of $1,170 per month. The property features off-street parking spaces for tenants. Tenants are responsible for a $50 per month utilities fee and a $20 per month valet trash fee. The units feature spacious layouts with white appliances, LVP flooring, wall-to-wall carpeting in bedrooms, dishwashers, disposals, oven and range, and tile floors in bathrooms. The units also offer high-speed internet access, central heating, central air conditioning, ceiling fans, and a smoke-free environment. Community amenities include an onsite management and maintenance team, fitness center, a pool and clubhouse, study lounges, business center, hammock park, and much more. Natchitoches, Louisiana, home to Northwestern State University of Louisiana (NSU), epitomizes a classic college town where historic charm seamlessly blends with modern growth and progress. The town radiates school spirit throughout its vibrant community, driven by the presence of NSU, which, with over 1,200 staff members and a student body of around 10,000, significantly boosts local demand for housing, retail, and services. Natchitoches is also renowned for its Antebellum-era estates, many of which have been transformed into historic museums and event venues, adding to the town’s unique appeal. The local economy is further bolstered by major employers such as RoyOMartin, Pilgrim's Pride, Alliance Compressors, and International Paper, whose investments and expansions drive job creation and attract new residents. This economic vitality, coupled with the town's cultural richness, is exemplified by events like the annual Christmas Festival, making Natchitoches an increasingly attractive destination for both residents and businesses. Properties like The Melrose are perfectly positioned to capitalize on this growing demand for quality housing, offering an ideal living environment in a community that honors its past while embracing the future.