$2,450,000
$2,500,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1406 ACADIAN DR Houma, LA 70363
35,573 SqFt
Key Details
Sold Price $2,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 35,573 sqft
Price per Sqft $68
Subdivision Honduras Plantation
MLS Listing ID 2024004805
Sold Date 08/30/24
Construction Status 51-75 Years
Lot Size 1.240 Acres
Lot Dimensions 225 x 240
Property Description
Discover the potential of this 38-unit apartment complex, boasting (1) 1 bedroom & 1 bath in addition to (37) 2 bedroom & 1 bath residences all 100% occupied. Situated in a prime location, this property offers convenience to tenants while promising lucrative returns for investors. The parking lot, balcony, roof, front sign, pool area, HVAC system, and stairs were recently improved to provide a comfortable living experience for occupants. Each unit is equipped with a stainless steel refrigerator, oven stovetop, and dishwasher which enhance the quality of living. Construction highlights include a sturdy slab foundation plus copper piping and wiring which ensures durability and reliability. Electric meters are separate for each unit while water is included in the monthly rent. Easy access to amenities, schools, and public transportation increases appeal to prospective renters. This multi-family presents an exceptional investment opportunity, promising steady rental income, and long-term appreciation potential. Don't miss out on this investment opportunity and schedule a viewing today to explore the possibilities! Flood Zone X which means flood insurance isn’t required.
Location
State LA
Parish Terrebonne
Area 10 East Houma (Below Industrial Canal)
Building
Construction Status 51-75 Years
Schools
School District Terrebonne Parish
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