This portfolio offers investors a rare opportunity to acquire a stabilized multifamily asset alongside a high-upside conversion project in one of Louisiana’s most desirable submarkets. By leveraging economies of scale and increasing blended yield through value-add repositioning, investors can capitalize on Covington’s strong rental market and proven demand. With a prime location, successful conversion model, and strong economic fundamentals, this portfolio stands as a compelling investment in the evolving multifamily landscape. The Fairlane, located at 101 Holiday Square Blvd., Covington, LA 70433, presents a prime investment opportunity in a high-demand area. This 90-unit property, originally built in 2006 and recently updated in 2023, is zoned HC-3 (Highway Commercial) and offers strong financial performance with upside potential. Currently stabilized, The Fairlane reports a T3/T12 NOI of $706,136, with a proforma NOI of $761,158, supported by four new units coming online this year. These additions will drive revenue growth with minimal additional expenses, ensuring strong bottom-line performance. Investment highlights include: Pricing Guidance: $12M ($133K per unit) T3/T12 CAP Rate: 5.88% Year 1 Proforma CAP Rate: 6.34% Call for Offers: ASAP This asset presents a compelling opportunity for investors seeking a stabilized property with immediate revenue expansion in a thriving market. Contact us for further details.