1 Stones Throw Dr

Description

Misty Bayou Apartment Complex is a 200-unit, multi-family investment property. The total gross building area is 217,682 SF and sits on a rectangular shaped tract of 11.97 acres. The 200-units are housed within 25 separate, two-story building, each being an eight-plex. Within these 25 buildings, there are thirty-two (32) 1-bedroom units, One hundred thirty-six (136) 2-bedroom units, and Thirty-two (32) 3-bedroom units. (32) 1-bedroom units are 780.55 SF (136) 2-bedroom units are 1,057.25 SF (32) 3-bedrrom units are 1,422.10 SF Misty Bayou Apartments have recently been updated after suffering damage from Hurricane Ida. The property underwent a total of over $4.5 million in repairs and renovations. In addition to the units, there is an inground swimming pool and a laundromat that uses prepaid cards (although many units have washer/dryer hookups. This property is being offered by OWNER/AGENTS. Additional information can be provided to accepted, interested parties after the completion of a Confidentiality Agreement. NOTE: The Owner/Agents also own the surrounding adjacent land with two rental houses. This property could be purchased, subject to additional negotiations for the purpose of expansion.