5500 Hwy 75 - Apartments FOR SALE


Carville, LA 70721
$2,950,000 USD
225-952-1255
5500 Hwy 75, Carville, LA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

5500 Hwy 75
Carville, LA 70721


HIGHLIGHTS

  • Solid Population within 15 Minute Drive time of 356,000 People
  • 40 total units and all units are 912 SF
  • Washer/Dryer Connections in all Units
  • Average in-place rents of $998 per month
  • Tenants are responsible for all utilities including water, sewer, cable, and electricity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

40

PRICE/UNIT

$73,750

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Villas of St. Gabriel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

SFR

APN/PARCEL ID

05-10644301B

ASK ABOUT THIS PROPERTY

225-952-1255

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225-952-1255

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