NOT LISTED FOR SALE

Estimated Value: $181,000 - $219,000

6 Beds
3 Baths
2,800 Sq Ft
$72/Sq Ft Est. Value

Last Sold August 14, 2020

Current estimated payment $1,260/month

106 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Landscaped
  • Woodvale Elementary School Rated A-
  • Patio
  • Central Air

About This Home

As of August 2020

Tri-Plex in desirable location right off of Johnston Street. Potential rental income of $2700 per month and $32,400 per year! 3 bedroom 1 bath home ($1200 potential), 1 bedroom efficiency unit ($700 potential), and 2 bedroom 1 bath home ($800 potential). This property is located in highly desirable Woodvale school districts and is a short bike ride or walk to the UL Campus. Property has a nice rental history and a ton of upside potential. All units have a new long life metal roof. There are some minor cosmetic repairs needed but units are rent-ready.

Last Agent to Sell the Property

Jamie Knight

Keaty Real Estate Team Listed on: 03/19/2020

Last Buyer's Agent

Amir Francis

Stone Ridge Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,577

Year Built

  • 1988

Lot Details

  • Partially Fenced Property
  • Chain Link Fence
  • Landscaped

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Aluminum Siding
  • Asbestos

Interior Spaces

  • 2,800 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector
  • Microwave

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Carport
  • On-Street Parking
  • Open Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Woodvale Elementary School
  • L J Alleman Middle School
  • Lafayette High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,200
  • Tenant pays for cable/sat TV, electricity, gas, sewer, trash collection, water
  • Tax Lot 6

Community Details

Overview

  • 3 Units
  • Arnould Hgts Subdivision

Building Details

  • 1 Leased Unit
  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,577

Year Built

1988

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 0
  • Subdivision Name: Arnould Hgts
  • Directions: Johnston Street to Noel.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Unit 1(Flat), Unit 2(Flat), Unit 3(Flat)
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Year Built (Public Record): 1988

Interior Features

  • Appliances: Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Ceramic Tile, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 2800

Exterior Features

  • Fencing: Chain Link, Partial
  • Lot Features: Landscaped
  • Construction Type: Frame, Aluminum Siding, Asbestos, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck, Patio
  • Property Condition: 31 - 40 Years
  • Roof: Metal

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Assigned, Carport, Covered, On Street, Varies by Unit
  • Total Parking Spaces: 5

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s),Central Air,Wall Unit(s),Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric,Natural Natural Gas,Wall Furnace, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Fiber Ready
  • Water Source: Public

Schools

  • Elementary School: Woodvale
  • High School: Lafayette
  • Middle Or Junior School: L J Alleman

Lot Info

  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Number Of Units Total: 3
  • Number Of Units Leased: 1
  • Number Of Units Vacant: 2
  • Total Actual Rent: 1200

Tax Info

  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Aug 14, 2020
Sold by
St Germain Investments Llc
Bought by
Frd Enteprises Llc
Seller's Agent
Jamie Knight
Keaty Real Estate Team
Buyer's Agent
Amir Francis
Stone Ridge Real Estate
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%
Total Days on Market
106
Current Estimated Value
$201,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,677
Avg. Annual Appreciation
3.75%
Original Mortgage
$50,000,000
Outstanding Balance
$4,448,766
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$4,248,913

Purchase Details

Closed on
Jun 3, 2011
Sold by
Craig Alan Cordell
Bought by
Lemci Llc
Source: Public Records

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Range of Values:

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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
Frd Enteprises Llc $167,500 Md Title
Lemci Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frd Enteprises Llc $50,000,000
Previous Owner St Germain Investments Llc $91,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold -- -- --
07/04/2020 07/04/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $175,000 -- $63 / 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 $1,577 $14,991 $4,777 $10,214
2023 $1,577 $14,432 $4,777 $9,655
2022 $1,510 $14,432 $4,777 $9,655
2021 $1,515 $14,432 $4,777 $9,655
2020 $1,092 $10,434 $4,777 $5,657
2019 $860 $10,434 $4,777 $5,657
2018 $1,065 $10,435 $3,010 $7,425
2017 $1,064 $10,435 $3,010 $7,425
2015 $781 $10,435 $3,010 $7,425
2013 -- $7,670 $3,010 $4,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 20002755

REALTOR® Association of Acadiana

APN: 6035292