Property summary
This 96-unit apartment building in Thibodaux, Louisiana, presents a compelling value-add investment opportunity. The property, known as St. Charles Manor Apartments, consists of ten two-story buildings totaling 92,500 square feet, situated at 1259 St. Charles St, 70301. Currently boasting 90% occupancy, the property offers a significant upside potential due to existing rents being considerably below market rate (approximately 67% under market). The asking price is $2,400,000, translating to… $25,000 per unit and $25.95 per square foot. The current Net Operating Income (NOI) stands at $397,144, yielding a 16.55% cap rate. However, a pro-forma NOI of $478,900 projects a significantly higher 19.95% cap rate, reflecting the potential for increased revenue through market rent adjustments. The property features a mix of two, three, and four-bedroom units. Extensive renovations have already been completed, including new roofs across all ten buildings and major interior and exterior improvements. A dedicated leasing office and conference room are on-site, and the current management team is willing to remain. The property's strong cash flow, even at current occupancy and rental rates, makes it an attractive investment. All new roofs have been installed across the ten buildings. Please note that tenants and on-site management should not be disturbed. Further details, including an Offering Memorandum, are available upon request.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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