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26837022
26837023

100 Pasture Court, Thibodaux, LA 70301

CP
LA 20593
Good Earth Realty
Listed by Good Earth Realty
$1,750,000
271 days on market
Updated 88 days ago

Pasture Court

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,680
Units 8
NOI $80,136
Occupancy 100%
Broker Co-Op Yes
Buildings 2
Stories 1
Acreage 28.000
Parking Spaces 2 per unit

Apartment, Acreage, Single Family Home

Marketing description

Property includes Eight 1 Bed 1 Bath Apartments along with Gorgeous Single Family Home on 28 Acres which is close to Thibodaux down town, Walmart, medical, university etc. Elevation is at 12' so no flood insurance will be required. Property also has a pond in the rear and further development is possible. Seller has negotiated for a cellular tower on a small section in the rear, which will bring in $1200 per month with increasing rent on a 99 year lease. This alone can take care of taxes, insurance and most of the maintenance and more. possibility for this high elevation, unrestricted land is endless! New Owner can build more More Apartments, town houses, more single family homes or you could even have a family compound!! This land would also be great for horses or cattle or livestock or just sell the Dirt. Check out this location for a Medical or a Retirement center, an Office building, Storage units, Commercial Building . Live in the main home or convert it to an office as this property is UNRESTRICTED. Listed for sale BELOW Current Appraisal. Will consider offers.

Investment highlights

Property can possibly be subdivided. Apartments, single Family Home and Acreage (Tower Lease)

Listing Contacts

CP
LA 20593
Good Earth Realty
Listed by Good Earth Realty

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,136.00
$6,678.00/mo

Valuation Metrics

0
DSCR
4.58%
Cap Rate
4.58%
ROI

Map

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Additional Information

Name
Cynthia Pellegrin
License
20593
Brokerage
Good Earth Realty
Brokerage Phone
985-637-3999
Title
Broker
Brokerage Address
401 Barrow Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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