Thibodaux Multifamily Investment
For Sale
Contact for pricing
1259 St Charles St, Thibodaux, LA 70301
Multifamily property with significant rental upside in Thibodaux, LA.
Property Size92,500 SF
Price / SF$25.95
Days on Market1100
Property Features for 1259 St Charles St
General Information
Standard status
Active
Size
92,500 SF
Class
B
Property subtype
Multifamily
Zoning
R-3
Listing Agency:
Bridgewater Realty Advisors
(504) 274-2701
Listed By:
Mason Mccullough · License #LA9705
Source:
Crexi
Added: Aug 29, 2023
Changed: Aug 31
Last Checked: May 13 at 8:15PM
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
Investment Insights
Based on property information with market context.
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.
Key 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 Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 70301, LA
46,661
Population
20,993
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
283.8 sq mi
ZIP Area
164
Density / Sq Mi
$62,470
Median Household Income
$42,296
Median Earnings
$1,008
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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.
