Louisiana Affordable Housing
Address Not Disclosed, Thibodaux, LA
Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
Type:Multifamily
Property size:
111,353 SFPrice / SF:
$23/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 6 at 12:01 am
Property Features for Address Not Disclosed
General Information
- Standard status
- Active
- Size
- 111,353 SF
- Property subtype
- Multifamily
Listing agent Andrew Agee (256) 653-0065
Listing office (256) 653-0065
Listing date Nov 21, 2025
Source Svn
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 Andrew Agee
HighLights
- Significant potential to increase revenue by raising rents.
- Opportunity to acquire 89 units across three properties.
- Purchase price is significantly less than replacement cost.
- Properties are consistently highly occupied, Abbey Glen and Woodland Commons boast >95% occupancy.
- Limited multifamily competition in the surrounding areas.
- Community amenities include computer center, on‑site maintenance, and playgrounds.
Overview
This portfolio comprises 89 units across three properties located in Thibodaux, Hammond, and Bogalusa, Louisiana. Specifically, there are 32 units in Thibodaux, 25 in Hammond, and 32 in Bogalusa. Built between 2006 and 2008, these properties present an opportunity to enter the affordable housing market in Louisiana or expand an existing portfolio. The properties are offered at a price significantly below replacement cost. The portfolio consists of single-family and duplex-style homes. The current average effective rents are conservative compared to similar properties, suggesting potential for increased revenue under effective management. There is potential to increase revenue by nearly 10% overall within one year. The properties have community amenities including a computer center, on-site maintenance, and playgrounds. The occupancy rate is 92.4%. The rent type is affordable. The total property size is 111,353 square feet. Thibodaux is the parish seat for Lafourche Parish, located just over an hour from downtown New Orleans and home to Nicholls State University. Bogalusa is located beside the Louisiana-Mississippi state line along the Pearl River. Hammond is the parish seat for Tangipahoa Parish and is considered the commercial hub for the parish. The intended hold period is 5 years.
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Thibodaux
- County
- Lafourche
- State
- Louisiana
- Longitude
- -90.8229
- Latitude
- 29.7958
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
Where is this apartment building located?
The property is located at Address Not Disclosed Thibodaux, LA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Significant potential to increase revenue by raising rents.; Opportunity to acquire 89 units across three properties.; Purchase price is significantly less than replacement cost.
