OWNER FINANCING AVAILABLE! This 6-unit apartment complex offers a mix of (2) single-story 1-bedroom/1-bath units and (4) two-story 2-bedroom/1.5-bath units. Each unit comes fully equipped with a stove/oven, refrigerator, and washer/dryer. The property has been permitted for three additional 6-unit buildings, allowing for expansion to a total of (24) units. The sale includes all land, existing improvements, and blueprints for the additional units. With approximately 36 parking spaces and long-term tenants maintaining a consistent 100% occupancy rate, this property provides a stable income stream. The site spans approximately 18,000 square feet, (0.41 acres) with an additional 60,331 square feet (1.385 acres) of extra land available for future development, making it an ideal investment for those looking to maximize growth potential.
The median home value in Houma, LA is $225,000. This is higher than the county median home value of $162,700. The national median home value is $338,100. The average price of homes sold in Houma, LA is $225,000. Approximately 60.91% of Houma homes are owned, compared to 29.56% rented, while 9.53% are vacant. Houma real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Houma real estate agent to arrange a tour today!
Houma, Louisiana has a population of 33,461. Houma is less family-centric than the surrounding county with 28.47% of the households containing married families with children. The county average for households married with children is 30.68%.
The median household income in Houma, Louisiana is $48,688. The median household income for the surrounding county is $57,940 compared to the national median of $69,021. The median age of people living in Houma is 36.3 years.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 65.8 inches per year, with 0.1 inches of snow per year.