516 St Charles St, Thibodaux, LA 70301

Property Description

Could be 3 cute VRBO! 3 Homes! Includes 516, 516 A & 518 St Charles St, Thibodaux, La - 3 Houses! Excellent Multifamily Investment Opportunity Near Nicholls State University. Located approx. 1 miles from the university, this income-producing property offers an outstanding opportunity for investors, parents of college students or anyone seeking rental income in one of the most desirable locations ( 1 block off of Menard Street and 2 Blocks from downtown Thibodaux. The property has historically been occupied by long term tenants who have chosen to secure alternative housing due to property being for sale, creating a rare opportunity for a new owner to establish current market rents. Additionally Nicholls State University faculty particularly new hires from out of state seek out rental housing close to campus. Fair market value for rentals would be a total of approximately 3,000 per month - Brick home is 1250 sq ft. second home is 553 sq ft and third home is 678 sq ft