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Address
Price
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Acadia Park - 192 Heavy-Lift Value-Add Units
1300 Laban Ave
Houma, LA
Welcome to a unique investment opportunity presented by NAI Latter & Blum—Acadia Park, located at 1300 Laban Ave, is a 192-unit market-rate property that promises substantial value-add potential.
This property stands out as a heavy-lift value-add opportunity with immense upside potential. The current ownership has diligently managed the property, minimizing any potential damage to down units and ensuring that they are ready for renovation. A significant portion of the units (130 units) has been stripped down to the studs, providing the next owner with a blank canvas to transform these units into modern, highly desirable living spaces.
Acadia Park is offered free and clear of any existing debt at a low price per door, making it an attractive investment opportunity for those looking to enter or expand their presence in the Houma real estate market. It is currently professionally managed by one of the best management companies in the state, ensuring that tenants receive top-notch service and maintenance.
Investment Highlights
- 192-unit, heavy lift, value-add opportunity with the ability to add washer/dryer connections
- Spacious floor plans with an average unit size of 882 square feet
- Unique opportunity with the property currently generating slightly under $58k/month through rentable units
- Units that are online have an average rent of $1,051/month
- 130 units are currently down to the studs and ready for the next owner to bring back online
- Professionally managed by one the best management companies in the state
- Offered free and clear of any existing debt at a low price per door
- In-place rents tell a compelling story of what the rents could be if the property was 100% renovated
Asking Price: $4,250,000
See the below link to access the OM and Due Diligence for Acadia Park.
https://www.crexi.com/properties/1224334/louisiana-acadia-park
Sale:
$4,250,000
$4,250,000
More info
Former Capital One Bank
1800 E Tunnel Blvd
Houma, LA
Building Size:3,342SF
Sale:
$500,000
$500,000
3,342SF
9414 E Park Ave
Houma, LA
Building Size:2,558SF
Sale:
$1,200,000
$1,200,000
2,558SF
Cobra Machine
209 Redmond Rd
Houma, LA
Lot Size:1.00Acres
You've got to see this Industrial Shop/Warehouse in Houma - its over 6200 sq ft with offices for only $375,000.... You CAN'T BEAT this price!!
The interior and exterior it have been newly remodeled . Features include rustic industrial feel with all new electrical, A/C and Heating, sewage treatment plant, and roof sitting on 1 acre of land. The outdoor area has fenced in space and plenty of parking.
The workshop is 4,860 sq. ft
The Office space is 1,410 sq ft.
2 Bathrooms
Sale:
$375,000
$375,000
1.00Acres
Houma Industrial Manufacturing Campus
205 E Woodlawn Ranch Rd
Houma, LA
Lot Size:10.42Acres
Sale:
$4,200,000
$4,200,000
10.42Acres
949 Grand Caillou Road
949 Grand Caillou Rd
Houma, LA
Building Size:1,200SF
New Walmart shadow center development off of Grand Caillou Road (28k vehicles per day) in Houma, Louisiana
More info
1,200 SF -
8,000 SF
8,000 SF
227 Clendenning Road
227 Clendenning Rd
Houma, LA
Lot Size:2.89Acres
Sale:
$550,000
$550,000
2.89Acres
Grand Caillou Rd.
2108 Grand Caillou Rd
Houma, LA
More info
More info
836 Grand Caillou Road
836 Grand Caillou Rd
Houma, LA
More info
More info
2352 Denley Road
2352 Denley Rd
Houma, LA
Building Size:13,600SF
More info
13,600SF
1015 GRAND CAILLOU RD HOUMA, LA.
1015 Grand Caillou Road
Houma, LA
Lot Size:1.51Acres
Sale:
$550,252
$550,252
1.51Acres
Warehouse / Supply / Distribution Site
1737 Grand Caillou Rd
Houma, LA
Lot Size:1.10Acres
Sale:
$475,000
$475,000
1.10Acres
Light Industrial Investment on Thompson Rd. in Houma
148 Thompson Rd
Houma, LA
Sale:
$799,000
$799,000
More info
1702 GR CAILLOU/HWY 57 - 5.57 ACRES INDUSTRIAL/COMMERCIAL TRACT
1702 Grand Caillou Road
Houma, LA
Sale:
$750,000
$750,000
More info
Commercial 2 Acre Corner Lot
3800-3852 Louisiana 56
Houma, LA
Lot Size:2.00Acres
Sale:
$180,000
$180,000
2.00Acres
Vacant Land For Sale
East Main Street
Houma, LA
Lot Size:4.46Acres
Sale:
$873,763
$873,763
4.46Acres
3 Buildings at 1500 Gr. Caillou Road
1500 Grand Caillou Rd
Houma, LA
Lot Size:2.49Acres
Sale:
$575,000
$575,000
2.49Acres
14 Acre Waterfront Industrial Facility in Houma
230 Development St
Houma, LA
Lot Size:14.06Acres
Sale:
$4,250,000
$4,250,000
14.06Acres
Light Industrial Facility in Houma - Tract 3
232 Redmond Rd
Houma, LA
Lot Size:2.73Acres
Sale:
$810,000
$810,000
2.73Acres
Light Industrial Facility in Houma - Tract 4
2193 Denley Road
Houma, LA
Lot Size:1.82Acres
Sale:
$920,000
$920,000
1.82Acres
Light Industrial Facility in Houma - Tract 2
2189 Denley Road
Houma, LA
Lot Size:6.87Acres
Sale:
$790,000
$790,000
6.87Acres
20 Acre Waterfront Industrial Site in Houma
317 Dickson Road
Houma, LA
Lot Size:20.00Acres
Sale:
$1,940,000
$1,940,000
20.00Acres
16 Acre, 117K SF Light Industrial Facility in Houma
2186 Grand Caillou Rd
Houma, LA
Lot Size:16.07Acres
Sale:
$3,950,000
$3,950,000
16.07Acres
757 Grand Caillou Road
757 Grand Caillou Rd
Houma, LA
Sale:
$799,900
$799,900
More info
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Market Stats
70363 has 14 commercial real estate spaces for lease, representing 43,730 sqft space.
22 buildings are available for sale.
In the past 30 days, 70363 has had 2 spaces leased.
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