Bank Owned Multifamily Property For Sale

1207 St Charles St Thibodaux, LA 70307

Property Type:
MultiFamily Apartments
Last Verified:
Dec 16, 2020


  • Value-add opportunity
  • Close proximity to Nicholls State University
  • Located in Thibodaux, LA


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.

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.

Building Size: 3200sq ft
Lot Size: 0.17 acres

Map of 1207 St Charles St, Thibodaux, LA, 70307

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.