1207 ST. CHARLES Street, Thibodaux, Louisiana, 70301

Utilities: Natural Gas Available
Water Source: Public
Sewer: Public Sewer
Parking Features: Driveway, Off Street
Exterior Features: Permeable Paving

Listed by Brittny McKay Real Estate, Brittny McKay

$399,000

6,426 Sqft

17 bd

10 ba

#2555980

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 $62 per gross square foot, the property provides an attractive basis 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.