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.
Calling all investors. Great opportunity to own a multi family property. One single family home along with a 4 plex that also includes a studio flat. Don't miss out

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Thibodaux is located in Louisiana. Thibodaux, Louisiana has a population of 15,242. Thibodaux is less family-centric than the surrounding county with 28.72% of the households containing married families with children. The county average for households married with children is 32.68%.
The median household income in Thibodaux, Louisiana is $46,658. The median household income for the surrounding county is $58,747 compared to the national median of $69,021. The median age of people living in Thibodaux is 33.9 years.
The average high temperature in July is 91.2 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 66.1 inches per year, with 0.1 inches of snow per year.