We are pleased to present an opportunity to acquire a well-maintained, high-performing 20-unit apartment complex located in the desirable Houma, Louisiana market. This offering includes three separate buildings: two eight-unit buildings (220 & 226 Monarch Dr.) and a four-unit building (232 Monarch Dr.). This property boasts a strong occupancy history and offers investors a stable income stream with significant potential for long-term appreciation.
-Strong Occupancy - The property consistently operates at strong occupancy levels with only two vacant units, demonstrating the desirability of the location and the quality of the units.
-Well-Maintained Property - The entire complex is maintained well, minimizing future maintenance needs and ensuring consistent tenant satisfaction. The roofs on all three buildings were replaced in 2022.
-Attractive Cap Rate - Offered at a competitive 9.2% capitalization rate, providing immediate cash flow and a strong return on investment.