Log In/Sign Up
Your email has been sent.
Magnolia Villas of St. Gabriel 5500 Hwy 75 40 Unit Apartment Building $4,037,931 CAD ($100,948 CAD/Unit) Carville, LA 70721
Investment Highlights
- Solid Population within 15 Minute Drive time of 356,000 People
- Washer/Dryer Connections in all Units
- Tenants are responsible for all utilities including water, sewer, cable, and electricity
- 40 total units and all units are 912 SF
- Average in-place rents of $998 per month
Executive Summary
CBRE is pleased to present Magnolia Villas an opportunity in the heart of Carville, Louisiana, offering a modern residential community designed for both comfort and long-term stability. Constructed in 2012, this asset consists of 40 spacious units distributed across 10 residential buildings, complemented by a dedicated leasing office and a functional storage facility. The property is uniquely comprised entirely of high-demand three-bedroom, two-bathroom floor plans, featuring a thoughtful layout that appeals to families and professionals alike. Residents benefit from on-site amenities including a community playground and room to potentially add BBQ pits or recreational area.
The strategic location of Magnolia Villas provides a significant competitive advantage, as it sits in immediate proximity to a major industrial sector that serves as a primary engine for regional employment. This logistical convenience ensures a consistent pipeline of prospective tenants drawn to the area’s robust economic opportunities. Currently maintaining a 70% occupancy rate, the property offers a stabilized foundation with clear avenues for immediate value optimization. By combining modern construction standards with a specialized unit mix and a location tied to the region’s industrial growth, Magnolia Villas stands as a highly attractive acquisition for investors seeking a turnkey asset in a resilient submarket.
The strategic location of Magnolia Villas provides a significant competitive advantage, as it sits in immediate proximity to a major industrial sector that serves as a primary engine for regional employment. This logistical convenience ensures a consistent pipeline of prospective tenants drawn to the area’s robust economic opportunities. Currently maintaining a 70% occupancy rate, the property offers a stabilized foundation with clear avenues for immediate value optimization. By combining modern construction standards with a specialized unit mix and a location tied to the region’s industrial growth, Magnolia Villas stands as a highly attractive acquisition for investors seeking a turnkey asset in a resilient submarket.
Property Facts
| Price | $4,037,931 CAD | Building Class | B |
| Price Per Unit | $100,948 CAD | Lot Size | 2.68 AC |
| Sale Type | Investment | Building Size | 36,480 SF |
| No. Units | 40 | Average Occupancy | 70% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2015 |
| Apartment Style | Garden | ||
| Zoning | SFR - Multifmaily/Residential | ||
| Price | $4,037,931 CAD |
| Price Per Unit | $100,948 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.68 AC |
| Building Size | 36,480 SF |
| Average Occupancy | 70% |
| No. Stories | 2 |
| Year Built | 2015 |
| Zoning | SFR - Multifmaily/Residential |
Amenities
Unit Amenities
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Playground
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $1,232 CAD | 912 |
| 3+2 | 39 | $1,369 CAD | 912 |
1 1
Property Taxes
| Parcel Number | 05-10644301B | Improvements Assessment | $255,283 CAD |
| Land Assessment | $6,109 CAD | Total Assessment | $261,392 CAD |
Property Taxes
Parcel Number
05-10644301B
Land Assessment
$6,109 CAD
Improvements Assessment
$255,283 CAD
Total Assessment
$261,392 CAD
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Magnolia Villas of St. Gabriel | 5500 Hwy 75
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.