Abita Springs Apartments

This property presents a compelling investment opportunity with an asking price of $3,200,000, supported by a strong 90% occupancy rate. This high occupancy suggests consistent demand and effective management, indicating a stable revenue stream for potential investors. The attractive occupancy and stable income stream positions this property as a potentially lucrative asset in the current market for the next owner. The property offers a desirable mix of two-bedroom/two-bathroom and one-bedroom/twobathroom units, catering to a diverse tenant base. This variety in unit types broadens the appeal of the property, potentially attracting both individuals and small families. The market benefits from limited competition, allowing the property to stand out. It successfully combines the convenience of apartment living with the tranquility of a country-like atmosphere, a unique selling proposition that enhances resident satisfaction.

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• Asking Price: 3,200,000
• 90% Occupancy
• Contains Mix of 2 BR/2 BA and 1 BR/2 BA Units
• New Roofs on the Snead Section in 2022
• Provides residents with a country feel with easy access to Abita Springs and Covington
• Average unit size of 919 SF
• Average rent $1,075 per unit per month