Modern 11-Unit Apartment
711 E Main St Broussard, LA 70518
711 E Main St, Broussard, LA, 70518
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For Sale
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Built in 2022, this 11-unit property offers a mix of 3-bedroom layouts with in-unit washer/dryer and individually metered utilities.
Property Size23,772 SF
Price / SF$145.34
Days on Market116
Property Features for 711 E Main St
General Information
- Standard status
- Active
- Size
- 23,772 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agency
The Gleason Group
(318) 664-4945
Listed by
Will Taylor · License #LA 0995699690
Source
Crexi
Added: Mar 28 Updated: Jul 20 at 8:35PM Checked: Jul 21 at 6:50AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
The Sax is a modern 11-unit apartment building constructed in 2022. The property includes nine 3 bed/3 bath units and two additional 3 bed/2 bath units, with each unit equipped with stainless steel kitchen appliances and in-unit washer/dryer sets. Utilities are individually metered, with tenants responsible for electricity, water, and sewer, and the owner covering trash service only.
On-site parking totals 28 spaces to serve residents. Tenancy is currently in place, with 10 of the 11 units leased.
For sale as a residential income asset, The Sax provides a compact, professionally maintained multi-family configuration with a unit mix designed around larger bedroom layouts.
On-site parking totals 28 spaces to serve residents. Tenancy is currently in place, with 10 of the 11 units leased.
For sale as a residential income asset, The Sax provides a compact, professionally maintained multi-family configuration with a unit mix designed around larger bedroom layouts.
Key Highlights
- 11‑unit multi‑family built in 2022 in Broussard
- Unit mix includes nine 3 bed/3 bath units at 2,276 SF each and two 3 bed/2 bath units at 1,644 SF each
- Each unit has stainless steel kitchen appliances and an in‑unit washer/dryer set
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $319.5k | $13.44 |
| − Vacancy | −$35.8k | −$1.51 |
| EGI | $283.7k | $11.93 |
| − OpEx | −$127.7k | −$5.37 |
| NOI | $156.0k | $6.56 |
23,772 SF · lease $13.44/SF/yr · vacancy 11.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $156,042 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,436 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 2022, this 11-unit property offers a mix of 3-bedroom layouts with in-unit washer/dryer and individually metered utilities.
Where is this apartment building located?
The property is located at 711 E Main St Broussard, LA.
What is the asking price?
The asking price for this property is $3,455,000.
What are key features of this property?
This property features: 11‑unit multi‑family built in 2022 in Broussard; Unit mix includes nine 3 bed/3 bath units at 2,276 SF each and two 3 bed/2 bath units at 1,644 SF each; Each unit has stainless steel kitchen appliances and an in‑unit washer/dryer set
