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28214027
28214028

411 Arlington Ave, Houma, LA 70363

MM
LA LA9705
Bridgewater Realty Advisors
CG
LA 995696437
Bridgewater Realty Advisors
Listed by Bridgewater Realty Advisors
$1,280,000
209 days on market
Updated 68 days ago

16 Unit Apartment Complex For Sale | Houma, LA

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,800
Units 16
Cap Rate 8.76%
NOI $112,168
Occupancy 95%
Pro-Forma Cap Rate 10.88%
Pro-Forma NOI $139,306
Price per SqFt $100
Year Built 1954
Buildings 4
Stories 1
Acreage 2.760
Zoning R3
Parking Spaces 16 spaces
Parking Per SqFt 1.25
Ground Lease No
Sale Condition For sale by owner

16 Unit Apartment Complex For Sale in Houma, LA

Marketing description

Excellent investment opportunity in Houma—16 total units across four well-maintained fourplex buildings located on adjacent parcels at 436 Richmond Ave and 411 Arlington Dr. Each unit offers 2 bedrooms / 1 bathroom with central air & heat, and includes a stove and refrigerator. The property features two on-site laundry rooms with leased coin-operated equipment, providing added income and convenience for residents. Ownership has completed numerous upgrades over time, including plumbing and electrical improvements, replacement of select sewer lines, and updated panel boxes. Exterior enhancements include vinyl soffit and fascia, cement parking areas, and security lighting on buildings and poles. Professionally managed for long-term stability, this property offers consistent occupancy and strong rental demand within the Houma workforce housing market. Its clean operational history and straightforward management make it possible for both seasoned investors and new entrants seeking turnkey yield in a durable Louisiana submarket.

Listing Contacts

MM
LA LA9705
Bridgewater Realty Advisors
CG
LA 995696437
Bridgewater Realty Advisors
Listed by Bridgewater Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,168.00
$9,347.33/mo

Valuation Metrics

0
DSCR
8.76%
Cap Rate
8.76%
ROI

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Additional Information

Name
Mason Mccullough
License
LA9705
Brokerage Phone
5042985547
Brokerage Address
3501 Severn Avenue
Name
Cameron Griffin
License
995696437
Brokerage
Bridgewater Realty Advisors
Brokerage Phone
504-298-8631
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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