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$ 1,200,000
Est. payment | /mo
14 Baths
8,000 SqFt
$ 1,200,000
Est. payment | /mo
14 Baths
8,000 SqFt
Key Details
Property Type Commercial
Sub Type Business,Other
Listing Status Pending
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $150
MLS Listing ID 25001816
Lot Size 10,890 Sqft
Property Sub-Type Business,Other
Property Description
Investment Opportunity in the heart of Lafayette, fully occupied and generating steady rental income. This well-maintained property has a strong rental history and potential for future growth. A turn-key investment that is perfect for investors seeking stable asset in a thriving market. 10 total units: (6) 1-bed, 1-bath & (4) 2-bed, 1-bath. Income: +/- $91K annuallyExpenses: +/- $21K annuallyNet Operating Income (NOI): +/- $71K annually.Recently updated interiors & exteriors, ensuring low-maintenance ownership, strong, consistent rental historyIdeal for investors seeking a stable asset with long-term potential in a vibrant community.
Location
State LA
County Lafayette
Zoning CH
Direction From Johnston St, turn right onto Meaux Blvd. The property will be on your left.
Interior
Heating Central
Cooling Central Air
Flooring Other
Exterior
Exterior Feature None
Roof Type Composition
Garage false
Building
Lot Description Urban
Story 3
Foundation Slab
Sewer Public Sewer
Water Public
Listed by Scout Real Estate Co.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "