NOT LISTED FOR SALE

Estimated Value: $126,000 - $149,000

8 Beds
8 Baths
4,000 Sq Ft
$34/Sq Ft Est. Value

Last Sold May 30, 2023

Current estimated payment $851/month

3 Days on Market

Highlights

  • Community Pool
  • Central Heating and Cooling System
  • Level Lot
  • Fireplace

About This Home

As of May 2023

This charming 4-plex in central Lafayette is a great investment opportunity! The building is well-maintained and features 2 bedrooms and 2 bathrooms in each unit. The living room is warm and inviting, with a cozy fireplace. The kitchen comes complete with a pantry and utility room for added convenience. Each unit is separately metered for utilities and two of the units are currently occupied at $650/month, with potential for the other two to bring in a total of $2,600/month in rental income. Don't miss out on this great opportunity!

Last Listed By

Victoria Garriga

EXP Realty, LLC Listed on: 03/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,047

Year Built

  • 1987

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 65 x 100
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

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

Interior Spaces

  • 4,000 Sq Ft Home
  • Fireplace
  • Dishwasher
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Schools

  • C S Burke Elementary School
  • Judice Middle School
  • Acadiana High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Total Actual Rent $1,300
  • The owner pays for electricity, sewer, trash collection, water
  • Tax Lot 005

Community Details

Overview

  • 4 Units
  • Pontalba Place Subdivision

Recreation

  • Community Pool

Building Details

  • 2 Leased Units
  • 2 Vacant Units
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,047

Year Built

1987

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1492
  • Lot Size: 65 x 100
  • Subdivision Name: Pontalba Place
  • Directions: From Congress left onto Colorado, right onto Marigny, right onto Meudon.
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Year Built (Public Record): 1987

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Owner Pays: Electricity, Sewer, Trash Collection, Water
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplace Features: Unit 1 Fireplace, Unit 2 Fireplace, Unit 3 Fireplace, Unit 4 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Master Bath, 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)
  • Living Area: 4000

Exterior Features

  • Lot Features: Level
  • Construction Type: Frame, Brick Veneer, Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: 31 - 40 Years
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, Pool

Schools

  • Elementary School: C S Burke
  • High School: Acadiana
  • Middle Or Junior School: Judice

Lot Info

  • Lot Size Sq Ft: 6500
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 2
  • Number Of Units Vacant: 2
  • Total Actual Rent: 1300

Tax Info

  • Tax Lot: 005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 30, 2023
Sold by
Pines Joshua Jermaine and Ashley Marie
Bought by
Birthstone Properties Llc
Seller's Agent
Victoria Garriga
EXP Realty, LLC
Buyer's Agent
Non-Member Agent/Seller
Non-Mbr Office/Seller
List Price
$125,000
Sold Price
$140,000
Premium/Discount to List
$15,000
12%
Total Days on Market
3
Views
119
Current Estimated Value
$137,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,188
Avg. Annual Appreciation
2.24%
Original Mortgage
$50,000,000
Outstanding Balance
$48,976,892
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
-$48,830,752

Purchase Details

Listed on
Sep 23, 2019
Closed on
Aug 4, 2020
Sold by
Lafayette County Sheriff
Bought by
Nar Solutions Inc
Seller's Agent
Kristen Gardemal
District South Real Estate Co.
Buyer's Agent
Non-Member Agent/Seller
Non-Mbr Office/Seller
List Price
$94,000
Sold Price
$76,500
Premium/Discount to List
-$17,500
-18.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.62%
Original Mortgage
$61,200
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2019
Closed on
Jul 23, 2020
Sold by
Olivier Oak Investments Llc
Bought by
Pines Joshua Jermaine and Pines Ashley Marie
Seller's Agent
Kristen Gardemal
District South Real Estate Co.
Buyer's Agent
Non-Member Agent/Seller
Non-Mbr Office/Seller
List Price
$94,000
Sold Price
$76,500
Premium/Discount to List
-$17,500
-18.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 3, 2013
Closed on
Jul 8, 2013
Sold by
Deutsche Bank Trust Co
Bought by
Olivier Jason and Olivier Jennifer
Seller's Agent
Kenneth Trahan
ALM Realty
Buyer's Agent
Rosalind Thibodeaux
ALM Realty
List Price
$91,900
Sold Price
$53,500
Premium/Discount to List
-$38,400
-41.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%

Purchase Details

Closed on
Jun 29, 2006
Sold by
Mooney Kevin Michael and Mooney Ashley Elizabeth
Bought by
Williams Nathaniel Earl and Williams Monita Shelene Redd

Range of Values:

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Average Value
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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
Birthstone Properties Llc $140,000 None Listed On Document
Nar Solutions Inc $1,151 None Available
Pines Joshua Jermaine $76,500 None Available
Olivier Jason $53,500 Delta Title Corp
Williams Nathaniel Earl $166,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birthstone Properties Llc $50,000,000
Previous Owner Pines Joshua Jermaine $61,200
Previous Owner Olivier Oaks Investment Llc $359,510
Previous Owner Olivier Jason M $83,000
Previous Owner Williams Nathaniel Earl $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold -- -- --
03/13/2023 03/13/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $125,000 +33.0% $31 / Sq Ft
07/23/2020 07/23/20 Sold -- -- --
05/11/2020 05/11/20 Pending -- -- --
09/23/2019 09/23/19 For Sale $94,000 +2.3% $24 / Sq Ft
07/11/2013 07/11/13 Sold -- -- --
06/19/2013 06/19/13 Pending -- -- --
01/03/2013 01/03/13 For Sale $91,900 -- $92 / 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 $1,047 $11,854 $576 $11,278
2023 $1,047 $7,976 $576 $7,400
2022 $702 $7,976 $576 $7,400
2021 $705 $7,976 $576 $7,400
2020 $704 $7,976 $576 $7,400
2019 $670 $7,976 $576 $7,400
2018 $684 $7,976 $576 $7,400
2017 $683 $7,976 $576 $7,400
2015 $675 $7,900 $500 $7,400
2013 -- $7,900 $500 $7,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 23001873

REALTOR® Association of Acadiana

APN: 6068939