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Multifamily

Stanford Place Apartments

1406 Acadian Dr, Houma, LA 70363

Listing Price: $2,762,486

Cap Rate
8.67%
Number of Units
38
Price/Unit
$72,697
Price/Gross SF
$108.56
Gross SF
25,446

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Houma, LA. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE STANFORD PLACE APARTMENTS.

Investment Highlights

  • Pool in the center of the property
  • Laundry Facility
  • Located near Lafayette, Baton Rouge, and New Orleans

Exclusively Listed By

Financing By

Multifamily

Stanford Place Apartments

Listing Price: $2,762,486

Cap Rate
8.67%
Number of Units
38
Price/Unit
$72,697
Price/Gross SF
$108.56
Gross SF
25,446

Investment Highlights

  • Pool in the center of the property
  • Laundry Facility
  • Located near Lafayette, Baton Rouge, and New Orleans

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Houma, LA. This offering will allow a potential investor to purchase a rare value-add opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE STANFORD PLACE APARTMENTS.

Exclusively Listed By

Financing By

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