NOT LISTED FOR SALE

Estimated Value: $197,000 - $300,000

8 Beds
8 Baths
3,500 Sq Ft
$74/Sq Ft Est. Value

Last Sold January 19, 2023

Current estimated payment $1,621/month

1 Day on Market

Highlights

  • Walk-In Closet
  • Ceiling Fan
  • Multiple Heating Units
  • Central Air
  • Washer and Dryer

About This Home

As of January 2023

Great Investment property bringing in $2925 in monthly revenue at $750 for 3 units and $675 for the other unit. Tenants pay for electricity. Monthly fees for water, sewage, and dumpster average $371/month, and insurance is currently $2800 yearly. New AC and hot water tank. Roof replaced in 2021.

Last Agent to Sell the Property

Sean Landry

Keaty Real Estate Team License #995707827 Listed on: 10/31/2022

Keaty Real Estate Team

Last Buyer's Agent

Ted Daigle

EXP Realty, LLC License #0995694847

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,222

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Parking

  • 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet

Schools

  • Ridge Elementary School
  • Judice Middle School
  • Acadiana High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $2,925
  • Tenant pays for broadband/internet access, cable/sat TV, electricity
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 4 Units
  • Hummingbird Subdivision

Building Details

  • 4 Leased Units
  • Insurance Expense $2,700
  • New Taxes Expense $1,187
  • Operating Expense $8,687
  • Gross Income $35,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,222

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1148
  • Lot Size: 50 x 100
  • Subdivision Name: Hummingbird
  • Directions: Take Ridge Road to W. Broussard. Hummingbird Lane will be on the left. The four plex is the second building on the right.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 1(Flat), Unit 2(Flat), Unit 3(Flat), Unit 4(Flat)
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer, Electric Cooktop, Unit 2 Washer/Dryer, Unit 3 Washer/Dryer, Unit 4 Washer/Dryer
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Interior Amenities: Master Bath, Walk-In Closet(s), Ceiling Fan(s), Unit 1(Dining Room,Master Bedroom,Walk-in Closet), Unit 2(Dining Room,Master Bedroom,Walk-in Closet), Unit 3(Dining Room,Master Bedroom,Walk-in Closet), Unit 4(Dining Room,Master Bedroom,Walk-in Closet)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: None
  • Construction Type: Brick, Brick Veneer, Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: 31 - 40 Years
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 12

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Unit 1 Washer/Dryer Hookup, Unit 2 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup, Unit 4 Washer/Dryer Hookup
  • Cooling: Ceiling Fan(s),Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Schools

  • Elementary School: Ridge
  • High School: Acadiana
  • Middle Or Junior School: Judice

Lot Info

  • Lot Size Sq Ft: 5000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 35100
  • Insurance Expense: 2700
  • Number Of Units Leased: 4
  • Annual Operating Expense: 8687
  • Total Actual Rent: 2925

Tax Info

  • New Taxes Expense: 1187
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Jan 19, 2023
Sold by
Melancon Fox Erica Faye
Bought by
Elevate Acadiana Llc
Seller's Agent
Sean Landry
Keaty Real Estate Team
Buyer's Agent
Ted Daigle
EXP Realty, LLC
List Price
$265,000
Sold Price
$265,000
Views
200
Current Estimated Value
$257,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,127
Avg. Annual Appreciation
-1.12%
Original Mortgage
$50,000,000
Outstanding Balance
$48,687,549
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
-$48,429,676

Purchase Details

Closed on
Mar 23, 2007
Sold by
Leonards Vanable Lee Ray and Leonards Vanable Stephanie
Bought by
Fox Erica and Fox Kevin Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,021,613
Interest Rate
6.26%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Elevate Acadiana Llc $265,000 --
Fox Erica $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elevate Acadiana Llc $50,000,000
Previous Owner Fox Erica $7,021,613
Previous Owner Aaaa $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold -- -- --
11/02/2022 11/02/22 Pending -- -- --
10/31/2022 10/31/22 For Sale $265,000 -- $76 / Sq Ft
Source: REALTOR® Association of Acadiana

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 $2,222 $25,169 $846 $24,323
2023 $2,222 $17,902 $846 $17,056
2022 $1,577 $17,902 $846 $17,056
2021 $1,583 $17,902 $846 $17,056
2020 $1,581 $17,902 $846 $17,056
2019 $1,133 $18,000 $1,000 $17,000
2018 $1,158 $18,000 $1,000 $17,000
2017 $1,542 $18,000 $1,000 $17,000
2015 $1,334 $18,000 $1,000 $17,000
2013 -- $15,620 $500 $15,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 22010115

REALTOR® Association of Acadiana

APN: 6070801