Previously generating approximately $6,500 per month at full occupancy, this now bank-owned five-unit multifamily property presents an opportunity to reestablish rental income through immediate lease-up. One unit is currently occupied at $1,243 per month, and four units are vacant. The two-story building contains approximately 6,400 square feet of gross building area and 5,938 square feet of net rentable area. The property features five spacious, townhouse-style units with in-unit laundry, and several units feature updates. Offered at approximately $77 per gross square foot, the property is well positioned for an investor focused on lease-up, stabilized occupancy, and long-term cash flow. Bank-owned property being sold as-is. Seller will make no repairs. Buyer must independently verify measurements, rents, leases, expenses, occupancy, zoning, legal use, property condition, historical income, and all other information material to the purchase.
Listed By
Agency Name: Brittny McKay Real Estate
Agency Phone: (504) 517-5151
Shown By
Agent Name: Suzette Hubbell
Agent Phone: (985) 249-1151
Agency Title: Suzette Hubbell
Suzette Hubbell Suzette Hubbell
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1207 St. Charles Street | MLS# 2555980
This multi-family property located at 1207 St. Charles Street, Thibodaux, LA 70301 is currently listed for sale with an asking price of $497,000. Search Thibodaux real estate on suzettehubbell.suzettehubbell.com today.