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220 Monarch Dr 232 Monarch Dr

220 Monarch Dr, 232 Monarch Dr Houma, LA 70364

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Overview

We are pleased to present an opportunity to acquire a well-maintained, high-performing 20-unit apartment complex located in the desirable Houma, Louisiana market. This offering includes three separate buildings: two eight-unit buildings (220 & 226 Monarch Dr.) and a four-unit building (232 Monarch Dr.). This property boasts a strong occupancy history and offers investors a stable income stream with significant potential for long-term appreciation.

Attractive Cap Rate - Offered at a competitive 9.2% capitalization rate, providing immediate cash flow and a strong return on investment.
Well-Maintained Property - The entire complex is maintained well, minimizing future maintenance needs and ensuring consistent tenant satisfaction. The roofs on all three buildings were replaced in 2022.
Strong Occupancy - The property consistently operates at strong occupancy levels with only two vacant units, demonstrating the desirability of the location and the quality of the units.
+ 20 Units
+ All 2BR/1BA
+ Fully Equipped Classic Kitchens
+ Individually Metered for Electricity and Master Metered for Water/Sewer
+ 220 & 226 Monarch: Each Offers 8 Units, with a Shared Laundry Facility for Tenant Convenience with 2 new sets of laundry machines
+ 232 Monarch: Features a 4-Unit Building with Washer and Dryer Connections in Each Unit.

Attractive Cap Rate - Offered at a competitive 9.2% capitalization rate, providing immediate cash flow and a strong return on investment.

Well-Maintained Property - The entire complex is maintained well, minimizing future maintenance needs and ensuring consistent tenant satisfaction. The roofs on all three buildings were replaced in 2022.
Strong Occupancy - The property consistently operates at strong occupancy levels with only two vacant units, demonstrating the desirability of the location and the quality of the units.
+ 20 Units
+ All 2BR/1BA
+ Fully Equipped Classic Kitchens
+ Individually Metered for Electricity and Master Metered for Water/Sewer
+ 220 & 226 Monarch: Each Offers 8 Units, with a Shared Laundry Facility for Tenant Convenience with 2 new sets of laundry machines
+ 232 Monarch: Features a 4-Unit Building with Washer and Dryer Connections in Each Unit.