Urban Bayou Apartments
Multifamily | 76 Units
Marketing description
Welcome to Urban Bayou Apartments! By far the nicest complex in this fast developing area. Immediate Cash Flow, turn key, garden style apartment complex. 76 units, 16 1 bedroom and 60 2 bedroom with a total of 10 buildings including a laundry facility and maintenance building. 1st floor units have tile flooring/2nd floor units have LVP. Currently 66 of the units are rented - fully rented potential is $61K monthly. On site office/property manager! Major upgrades in 2019 including new roof, HVAC, electrical, plumbing plus a total rehab of each unit. Recently HWH have been upgraded to tankless. Laundry facility is currently not in use but all owned equipment so it would profit $800 - 1500 per month. This is an incredible opportunity to invest in a turn key property but with room for improvements to boost its profitability even more.
Investment highlights
- Total Square Feet Living: 61458
- Year Built: 1964
- Construction Materials: Brick/Veneer
- Foundation Details: Slab, Laundry Facility
- Living Area Source: Auto Fill (MAARdata) Or Public Re
- Property Age: 62
- Roof: Roll, Flat
- Levels Or Stories: 2
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