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Multifamily

Renata Lakes

100 Chateau Ct, Houma, LA 70363

Listing Price: Request For Offer

Number of Units
115
Gross SF
104,565

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Renata Lakes Redevelopment. The site consists of three parcels totaling 5.3 acres, and is conveniently located in the heart of Houma, Louisiana. The property is located one block south of LA-3040 with over 24,000 average daily traffic and has frontage along Acadian Drive. The site is near Wal-Mart Supercenter, Acadian Elementary School, Terrebonne Civic Center, and Intracoastal Waterways. The current zoning is R3: Multiple-Family Residential Districts, High-Density, which is composed mainly of areas containing a mixture of one-family, two-family and multiple-family dwellings. The property originally contained 115 units with office center and laundry facility totaling 105,628 square feet. With a population over 110,000 and median household income of $53,566, the property boasts strong demographic fundamentals to support new construction. The property is offered ‘free and clear’ which provides an excellent opportunity to take advantage of historically low interest rates.

Investment Highlights

  • REDEVELOPMENT OPPORTUNITY Originally 115 Units Ready for New Construction or Redevelopment
  • REDUCED BUILDING COSTS Foundation, Plumbing, Parking, & Structures Intact
  • STRONG DEMOGRAPHICS Average Household Income Over $59,000 Within One Mile

Exclusively Listed By

Multifamily

Renata Lakes

Listing Price: Request For Offer

Number of Units
115
Gross SF
104,565

Investment Highlights

  • REDEVELOPMENT OPPORTUNITY Originally 115 Units Ready for New Construction or Redevelopment
  • REDUCED BUILDING COSTS Foundation, Plumbing, Parking, & Structures Intact
  • STRONG DEMOGRAPHICS Average Household Income Over $59,000 Within One Mile

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Renata Lakes Redevelopment. The site consists of three parcels totaling 5.3 acres, and is conveniently located in the heart of Houma, Louisiana. The property is located one block south of LA-3040 with over 24,000 average daily traffic and has frontage along Acadian Drive. The site is near Wal-Mart Supercenter, Acadian Elementary School, Terrebonne Civic Center, and Intracoastal Waterways. The current zoning is R3: Multiple-Family Residential Districts, High-Density, which is composed mainly of areas containing a mixture of one-family, two-family and multiple-family dwellings. The property originally contained 115 units with office center and laundry facility totaling 105,628 square feet. With a population over 110,000 and median household income of $53,566, the property boasts strong demographic fundamentals to support new construction. The property is offered ‘free and clear’ which provides an excellent opportunity to take advantage of historically low interest rates.

Exclusively Listed By

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