NOT LISTED FOR SALE

Estimated Value: $791,000 - $840,000

18 Beds
10 Baths
7,214 Sq Ft
$113/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $635,000 $88 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,168/month

112 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 3 Levels
  • Cooling Available

About This Home

As of November 2020

Located a block from Main St. and Downtown Lafayette, this investment package is in a perfect location. This investment package features 4, all brick, multi-family buildings with 10 units. All buildings are on one parcel and next door to each other. The total rent roll is at $5,880/mo. Only one unit is vacant at this moment. They have been recently renovated with new HVAC systems, flooring throughout, refinished cabinets and countertops, fresh paint and trim, windows, and roofs. This is a great investment opportunity. Don't miss out!

Last Listed By

Nathan Torgerson

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4239029445 License #323740 Listed on: 07/23/2020

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,741

Year Built

  • Built in 1970

Lot Details

  • 1.17

Home Design

  • Duplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 7,214 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 10 Bathrooms

Schools

  • North Lafayette Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 1024 063

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Belmont Park Subdivision

Building Details

  • Gross Income $70,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,741

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1970
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4239029445
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Total Bedrooms: 18
  • Building Area Units: Square Feet
  • Living Area: 7214
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other, Brick
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 1.06 acres
  • Lot Size Units: Acres
  • Parcel #: 1024 063
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 70560
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 4741

MLS Schools

  • Elementary School: North LaFayette Elementary School
  • High School: LaFayette High School
  • Middle Or Junior School: LaFayette Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2024
Sold by
Sga Multifamily Jhl Llc
Bought by
J2h Properties Llc
Total Days on Market
112
Current Estimated Value
$814,183

Purchase Details

Closed on
Dec 26, 2023
Sold by
Sga Multifamily Ael Llc
Bought by
Sga Multifamily Jhl Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,925
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2020
Closed on
Nov 13, 2020
Sold by
Pioneer Ridge Properties Llc
Bought by
Sga Multifamily Jhl Llc and Sga Multifamily Ael Llc Etal
Seller's Agent
Nathan Torgerson
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Nathan Torgerson
Greater Downtown Realty dba Keller Williams Realty
List Price
$649,900
Sold Price
$635,000
Premium/Discount to List
-$14,900
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2019
Sold by
Fast Muscle Twitch Llc
Bought by
Pioneer Ridge Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2016
Sold by
Heyer Oliver
Bought by
Fast Muscle Twitch Llc

Purchase Details

Closed on
Jan 31, 2000
Sold by
Harpo Inc
Bought by
Heyer Oliver and Heyer Lisa J

Purchase Details

Closed on
Mar 19, 1985
Sold by
Hart Karen P and Hart Jack S
Bought by
Harpo Inc

Purchase Details

Closed on
May 10, 1979
Sold by
Hart Pope J and Hart Karen P
Bought by
Hart Karen P and Hart Jack S

Purchase Details

Closed on
Nov 29, 1972
Bought by
Hart Pope J and Hart Karen P

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J2h Properties Llc -- --
J2h Properties Llc $785,000 --
Sga Multifamily Jhl Llc -- --
Sga Multifamily Jhl Llc $635,000 --
Pioneer Ridge Properties Llc $347,750 --
Fast Muscle Twitch Llc $382,000 --
Heyer Oliver $275,000 --
Harpo Inc $22,100 --
Hart Karen P -- --
Hart Pope J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sga Multifamily Jhl Llc $640,925
Previous Owner Sga Multifamily Jhl Llc $2,000,000
Previous Owner Pioneer Ridge Properties Llc $314,000
Previous Owner Fast Muscle Twitch Llc $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $635,000 -2.3% $88 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $649,900 -- $90 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,585 $318,492 $10,584 $307,908
2023 $7,415 $302,075 $10,584 $291,491
2022 $6,899 $262,066 $10,584 $251,482
2021 $5,014 $170,737 $12,240 $158,497
2020 $4,267 $141,462 $10,992 $130,470
2019 $4,342 $141,462 $10,992 $130,470
2018 $4,209 $141,462 $10,992 $130,470
2017 $4,795 $144,188 $10,992 $133,196
2016 $3,975 $144,188 $10,992 $133,196
2015 $2,924 $101,053 $10,400 $90,653
2014 $2,815 $101,053 $10,400 $90,653
2013 -- $101,052 $10,400 $90,652
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2723214

Realtracs

APN: 1024-063