Thibodaux, LA 70301,540 W 7TH ST
Thibodaux, LA 70301,540 W 7TH ST
Thibodaux, LA 70301,540 W 7TH ST
12
$97,900
$92,000
6.4%
Est.Price: ?

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1,909 SqFt

540 W 7TH ST Thibodaux, LA 70301

Est. payment /mo
SOLD DATE : 06/21/2023

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Key Details

Sold Price $97,900

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 1,909 sqft

Price per Sqft $51

Subdivision West End

MLS Listing ID 2023008554

Sold Date 06/21/23

Construction Status 76 + Years

Lot Size 6,969 Sqft

Lot Dimensions 60.8x119.1

Property Description

Welcome to 540 West 7th St., Thibodaux, LA! This property presents an incredible investment opportunity with two houses on the lot, each offering unique potential for rental income and future value. Let's delve into the details of this listing: Main House: The main house features 2 bedrooms and 1 bathroom, providing a comfortable living space for a small family or tenants. A new roof has recently been installed, ensuring the integrity of the structure and offering peace of mind for future owners. While the main house requires some work, it presents an excellent opportunity for those looking to put their personal touch on a property and add value through renovations and upgrades. With the right vision and improvements, this house can be transformed into a charming dwelling, capturing the essence of cozy living. Second House: The second house on the property is currently occupied by a tenant who pays $600.00 per month. This existing rental income stream provides immediate cash flow, making this property even more attractive to investors. Although the second house needs updating, this presents an exciting opportunity to improve the property and increase rental value in the future. With a little creativity and investment, the second house can be modernized and enhanced, offering tenants a comfortable and updated living space. Income Potential: Once repairs and updates are completed on both houses, this property has the potential to generate a significant rental income. Based on market analysis, potential rent for this property, after repairs and updates, could easily reach $2,200 per month. Investors looking for a lucrative income property will appreciate the potential return on investment that this listing offers. With a strong rental market and potential for increased rental rates, this property presents an attractive opportunity.

Location

State LA

Parish Lafourche

Area 40 Thibodaux/Northern Lafourche

Building

Construction Status 76 + Years

Schools

School District Lafourche Parish

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Listed by Latter & Blum Canal & Main
Bought with EXP REALTY, LLC

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agent

Simon Shuler

Agent | License ID: 995713317

+1(903) 690-6553

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