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Ridgefield Apartments 1770 Ridgefield Ave 6 Unit Apartment Building $262,674 CAD ($43,779 CAD/Unit) Thibodaux, LA 70301
INVESTMENT HIGHLIGHTS
- Over $10,000 was just spent on new stairs, balcony and supports!
- Under Market Rate Rents
- Growing Rental Demand
- Value Add Opportunity: Two units are offline and require rehabilitation, presenting a chance to increase overall property value and Income
- Low maintenance cost
EXECUTIVE SUMMARY
CBRE Baton Rouge is pleased to present Ridgefield Apartments, a 6-unit apartment complex located at 1770 Ridgefield Ave in Thibodaux, LA. This market-rate property offers an excellent opportunity for both new and seasoned investors looking to enhance their portfolios. The complex currently features four fully occupied units with rents significantly below market rates, providing the new owner with the chance to adjust rents to align with current market levels. Additionally, the property includes an extra structure with two units that require complete rehabilitation, presenting further potential for generating additional income. Conveniently situated just minutes from Nicholls State University, Ridgefield Apartments enjoys a prime location that appeals to all renters. This unique investment opportunity allows for immediate cash flow while unlocking the property’s full potential.
Reach out to Designated Agents with any questions or to gain access to the OM.
Reach out to Designated Agents with any questions or to gain access to the OM.
PROPERTY FACTS
| Price | $262,674 CAD | Apartment Style | Garden |
| Price Per Unit | $43,779 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| No. Units | 6 | Building Size | 3,600 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1980 |
| Price | $262,674 CAD |
| Price Per Unit | $43,779 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 1980 |
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Ridgefield Apartments | 1770 Ridgefield Ave
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