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River Park Apartments 15909 River Rd 50 Unit Apartment Building $6,520,000 ($130,400/Unit) 8% Cap Rate Hahnville, LA 70057

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Executive Summary

OPPORTUNITY ZONE.
Completely rebuilt/renovated in 2022.
Zero deferred maintenance.

Offering Memorandum

Property Facts

Price	$6,520,000	Building Class	C
Price Per Unit	$130,400	Lot Size	4.11 AC
Sale Type	Investment	Building Size	46,336 SF
Cap Rate	8%	Average Occupancy	100%
No. Units	50	No. Stories	2
Property Type	Multifamily	Year Built	1966
Property Subtype	Apartment	Parking Ratio	1.61/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3

Price	$6,520,000
Price Per Unit	$130,400
Sale Type	Investment
Cap Rate	8%
No. Units	50
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	4.11 AC
Building Size	46,336 SF
Average Occupancy	100%
No. Stories	2
Year Built	1966
Parking Ratio	1.61/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3