125 DIXIE AVE

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125 DIXIE AVE

HOUMA, LA 70363
Asking Price
$2.50M
Asset Type
Hotel Retail
Class
Class B

What's Special

72% Occupancy, #1 in Market | ADR Upside Remaining | Fully Renovated Economy Flag | Houma, LA <p><strong>✔ Market-Leading Occupancy</strong> — Ranked #1 of 5 in competitive set at 72.6% occupancy with a 109 MPI, outperforming peers by over 6 percentage points on a sustained basis</p><p><strong>✔ Fully Renovated — Zero Buyer Capex</strong> — Comprehensive ground-up renovation completed 2022–2023 covering all 50 rooms, roof, electrical, plumbing, HVAC, FF&E, and PTACs. No PIP, no deferred maintenance, nothing left to fix. <strong>Transfer PIP- $17,500</strong></p><p><strong>✔ ADR Upside In

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

Location & Travel Times