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Magnolia Villas of St. Gabriel 5500 Hwy 75 40 Unit Apartment Building $2,950,000 ($73,750/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 | $2,950,000 | Building Class | B |
| Price Per Unit | $73,750 | 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 | $2,950,000 |
| Price Per Unit | $73,750 |
| 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 | $900.00 | 912 |
| 3+2 | 39 | $1,000 | 912 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 05-10644301B | Improvements Assessment | $186,390 |
| Land Assessment | $4,460 | Total Assessment | $190,850 |
Property Taxes
Parcel Number
05-10644301B
Land Assessment
$4,460
Improvements Assessment
$186,390
Total Assessment
$190,850
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Magnolia Villas of St. Gabriel | 5500 Hwy 75
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