Townhouse Investment Property

Multi-Family for Sale
Catylist Listing ID: 30589696
Property Subtypes: Duplex/Fourplex
Number of Units: 10 Units
Building Size (RSF): 765 SF
Gross Building Area: 7,645 SF
Sale Price: $725,000
Unit Price: $72,500 Per Unit
Property Use Type: Investment, Business
Sale Terms: Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 5/21/2020

Overview / Comments

Investment Opportunity! Take a look at this 10 unit complex located just minutes from Nicholls State University in Thibodaux. These complex features (2) 1 bedroom units, (5) 2 bedroom units and (3) 3 bedroom units. Each unit provides its own washer and dryer hookups. Two parking spaces available per unit. There is an additional detached storage on the property. This complex currently operates at 100% occupancy. All utilities are paid by the tenants. Financial statements are available upon request for qualified buyers. This property is also being offered as a package deal with two other apartment complexes. For more information please see 810-818 Saadi Street (MLS#153632) and 2314 St. Bernard Street (MLS#153630).

Additional Details

Nearest MSA: Houma-Thibodaux
County: Lafourche
Tax ID/APN: 0010225225
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1992
Year Renovated: 1992
Construction/Siding: Brick/Vinyl Siding
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 150
Lot Depth: 89
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: LOT 4A TRACT C NIHRA DEVELOPMENT

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,129 28,264 35,118
Median Age: 32.96 34.66 35
Households: 2,819 10,846 13,251

Contact

Photograph of Listing Agent

Cade Harris

Keller Williams Realty Bayou Partners Houma, LA 70360
LACDB Member
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