1259 St Charles St Thibodaux, LA 70301
Multifamily property with significant rental upside in Thibodaux, LA.
Type:Multifamily
Property size:
92,500 SFPrice / SF:
$25/SF- Added:
- Aug 29, 2023
- Days on Market:
- 984
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 1259 St Charles St
General Information
- Standard status
- Active
- Size
- 92,500 SF
- Property subtype
- Multifamily
Listing agent Mason Mccullough License #LA
Listing office Bridgewater Realty Advisors
Listing date Aug 29, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors
HighLights
- Significant upside potential by raising rents to market rate (approximately 67% below market).
- All new roofs across 10 buildings, indicating recent major capital improvements.
- Major renovation work completed on both interior and exterior.
- Property cash flows as is, providing immediate income.
- Dedicated leasing office and conference room on‑site.
- Current management willing to stay on, ensuring a smooth transition.
Overview
Thibodaux Multifamily Investment Opportunity
This multifamily property in Thibodaux, Louisiana, features a mix of 4, 3, and 2-bedroom units. The property consists of 10 buildings with new roofs. Major renovation work has been completed on both the interior and exterior. A dedicated leasing office and conference room are available on-site. The current rents are significantly below market rates, presenting an opportunity for a new owner to increase rents with minimal renovations. The property is currently cash flowing. The property size is 92500 square feet. Management is willing to stay on.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Thibodaux
- County
- Lafourche
- State
- Louisiana
- Longitude
- -90.7428
- Latitude
- 29.8127
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with significant rental upside in Thibodaux, LA.
Where is this apartment building located?
The property is located at 1259 St Charles St Thibodaux, LA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Significant upside potential by raising rents to market rate (approximately 67% below market).; All new roofs across 10 buildings, indicating recent major capital improvements.; Major renovation work completed on both interior and exterior.
