$173,000
$2K PRICE DROP

1108 Louisiana Ave Lafayette, LA 70501

Pa Davis Park Neighborhood

Estimated payment $979/month

Total Views 18,254
5 Beds
4 Baths
1,985 Sq Ft
$87 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • 1 Car Attached Garage
  • Central Air
  • Porch
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

This two-house investment package in Lafayette is a perfect opportunity for steady income, with both homes in a high-demand area that stays consistently occupied. One home is currently rented for $750/month, and the other for $900/month, offering an immediate cash flow. With tenants already in place, it's an easy, ready-to-go investment that's sure to enhance your portfolio. Don't miss out on this hassle-free opportunity!

Listing Agent

Teresa Pastor

Real Broker, LLC License #0995691537 Listed on: 10/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $237

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 150
  • Wood Fence
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,985 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Carport
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • R. Baranco/Moss Elementary School
  • Paul Breaux Middle School
  • Northside High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 15 & 16

Community Details

Overview

  • 2 Units
  • Veazey Addition Subdivision

Building Details

  • 2 Leased Units
  • New Taxes Expense $106,307
  • Gross Income $19,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$237

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3444
  • Lot Size: 100 x 150
  • Subdivision Name: Veazey Addition
  • Directions: Drive Northeast on Johnston Street, continue onto Louisiana Ave. The property will be on the Right immediately before The Cameron Red Light at the beginning of the golf course.
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Unit 1(Other), Unit 2(Other)
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: None, Electric Cooktop
  • Other Equipment: Individual Meter
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Laminate
  • Interior Amenities: Ceiling Fan(s), Unit 1(Eat-in Kitchen), Unit 2(Eat-in Kitchen)
  • Living Area: 1985

Exterior Features

  • Fencing: Other, Wood
  • Lot Features: Level
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch, Unit 1 Porch/Patio/Deck, Unit 2 Porch/Patio/Deck
  • Property Condition: 51 - 75 Years
  • Roof: Composition, Metal

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Attached, Carport, Covered, On Street, Varies by Unit
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: R. Baranco/Moss
  • Junior High Dist: Lafayette Parish
  • High School: Northside
  • Middle Or Junior School: Paul Breaux Middle

Lot Info

  • Lot Size Sq Ft: 15000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19800
  • Number Of Units Leased: 2

Tax Info

  • New Taxes Expense: 106307
  • Tax Lot: 15 & 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $237 $2,251 $750 $1,501
2023 $237 $2,180 $750 $1,430
2022 $228 $2,180 $750 $1,430
2021 $229 $2,180 $750 $1,430
2020 $228 $2,180 $750 $1,430
2019 $180 $2,180 $750 $1,430
2018 $222 $2,180 $750 $1,430
2017 $222 $2,180 $750 $1,430
2015 $214 $2,100 $670 $1,430
2013 -- $2,100 $670 $1,430
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $91,900 -46.9% $87 / Sq Ft
03/11/2025 03/11/25 Price Changed $173,000 -1.1% $87 / Sq Ft
10/07/2024 10/07/24 For Sale $175,000 +60.8% $88 / Sq Ft
06/16/2023 06/16/23 Sold -- -- --
03/12/2023 03/12/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $108,800 -- $103 / Sq Ft
Source: REALTOR® Association of Acadiana

Purchase History

Date Type Sale Price Title Company
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,500 New Conventional
Source: Public Records

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Source: REALTOR® Association of Acadiana

MLS Number: 24009495

REALTOR® Association of Acadiana

APN: 6039542

Louisiana Lafayette Parish Lafayette 70501 Pa Davis Park

1108 Louisiana Ave, Lafayette, LA

This home is located at 1108 Louisiana Ave, Lafayette, LA 70501 and is currently priced at $173,000, approximately $87 per square foot. 1108 Louisiana Ave is a home located in Lafayette Parish with nearby schools including Dr. Raphael A. Baranco Elementary School, Paul Breaux Middle School, and Northside High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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Teresa Pastor
Listing Agent
Teresa Pastor
Section Image
Real Broker, LLC
(337) 333-5087