700 Levron St, Houma, LA 70360

92-unit multifamily asset in Houma, LA,

which we currently have tied up well below market. This investment presents a unique

opportunity to acquire a high-occupancy property at a significant discount—20 to 25%% below

the "as-is" bank appraised value. With strong, stable cash flow and an appealing cap rate, this

property provides investors with immediate equity and future upside potential. The asset is 98%

occupied, supported by two years of consistent rent rolls, and professionally managed.

This offering comes from a

"mom and pop"

seller with an urgent need to close by year-end,

allowing for a substantial discount to market value. The property’s strong fundamentals are

further enhanced by recent improvements, including two new roofs installed just four years ago.

Property Overview:

Located in Houma, LA, just an hour outside New Orleans, this investment opportunity

comprises two complexes—a 50-unit and a 42-unit building—boasting a stable occupancy rate

and benefitting from proximity to a major metropolitan area.

Key Highlights:

●

Occupancy Rate: 98%

●

Current Net Operating Income (NOI): $550,000 per year

●

Current Cap Rate: Approximately 8.9% based on the $6.2 million purchase price

UPDATE 11/19: We think the seller will accept a lower price to close before the end of

the year.

●

Recent Upgrades: New roofs on both buildings, completed four years ago ●

Management: Professional management team in place

●

Bank Appraised Value: $7.43 million

●

Purchase Price: $6.2 million -

11/19/24 Suggested offer - 5.8MM

●

Potential Upgrades: With an estimated $250,000–$300,000 in cosmetic renovations,

gross revenue could increase to approximately $80,000 per month, or $960,000 annually.

Future Value Projection:

Projected gross rent of $960,000 per year, while maintaining $250,000 in annual expenses,

could yield a future NOI of $710,000. Applying a 7.5% cap rate for valuation, the anticipated

future value of this asset is approximately $9.46 million ($710,000 ÷ 0.075). This would enhance

the property’s value by over 20% from its current appraised value, offering investors a

substantial upside.

Investment Potential:

With a purchase price well below bank appraised value, this property provides immediate equity

and significant potential for increased cash flow through targeted upgrades. Interested parties

should submit offers promptly, as this opportunity requires a 30-day close by year-end to secure

this compelling investment.

Contact David at Zuz Realty for More Information zuzrealty@zuzrealty.com

Mike 347-408-5622