1207 St. Charles St , Thibodaux
$469,000
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.
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