Bank Owned Multifamily Property For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30344322
Property Subtypes: Duplex/Fourplex, Government Subsidized, High-Rise, Low-Rise/Garden, Mid-Rise, Senior Living, Student Housing, Other
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 3,200 SF
Gross Land Area: 0.17 Acres
Sale Price: $159,900
Unit Price: $31,980 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2019

Overview / Comments

This 5 unit apartment complex consists of 3 2-story units and 2 1-story units. The property is currently in need of a renovations, which makes this a great purchase for an investor who is looking for a value-add investment with huge upside potential.

Attachments & Media

Additional Details

Nearest MSA: Houma-Thibodaux
County: Lafourche
Tax ID/APN: 8020490300
Zoning: R-2
Area Description: Located in Thibodaux, LA just outside of the Nicholls State University campus. The close proximity to Nicholls State adds the potential for a student living complex.
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,904 27,936 35,071
Median Age: 34.43 35.04 35.15
Households: 3,658 10,662 13,294

Contact

Photograph of Listing Agent

Mark R Segalla

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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