$325,000
SOLD DEC 18, 2018
Last list price

2610 NE Evangeline Throughway Lafayette, LA 70501

Evangeline Neighborhood
-- Bed
-- Bath
8,000 Sq Ft
0.29 Acres

Recently Sold

$41 Per Sq Ft

2 Days on Market

About This Home

As of April 2019

Opportunity to buy a renovated and stabilized 8 unit apartment complex with great visibility from I-10 and I-49. Located on Evangeline Thruway service road and across the street from a private Catholic school, St. Leo Elementary. Owner has renovated 6 of the 8 units and is currently 100% occupied. The two unrenovated units are occupied by long term tenants. Currently receiving $4650/m rental income. Townhouse style apartments with kitchen, living, dining room and half bath downstairs and two large bedrooms with full bath upstairs. Please do not disturb tenants. No showings until accepted offer is received subject to initial walk thru.

Last Agent to Sell the Property

Phil Devey

Frontline Real Estate Group License #995689144 Listed on: 11/12/2018

Last Buyer's Agent

Philip Devey

Coldwell Banker Pelican R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,030

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 130 x 97

Parking

  • 14 Parking Spaces

Home Design

  • 8,000 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Schools

  • J W Faulk Elementary School
  • Paul Breaux Middle School
  • Northside High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Tax Lot 12

Community Details

Overview

  • 8 Units
  • Presley Heights Subdivision

Building Details

  • Insurance Expense $3,300
  • Other Expense $1,775
  • New Taxes Expense $2,009
  • Gross Income $55,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,030

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2895
  • Lot Size: 130 x 97
  • Subdivision Name: Presley Heights
  • Directions: North on Evangeline Thruway, exit right at La Quinta Inn and follow service Rd North. Property is on the right before hard curve. Around corner from St Leo Elementary
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Appliances: Refrigerator

Exterior Features

  • Construction Type: Brick, Frame, Brick Veneer
  • Foundation Details: Slab
  • Property Condition: 31 - 40 Years

Garage/Parking

  • Total Parking Spaces: 14

Utilities

  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: J W Faulk
  • High School: Northside
  • Middle Or Junior School: Paul Breaux Middle

Lot Info

  • Lot Size Sq Ft: 12610
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 55800
  • Insurance Expense: 3300

Tax Info

  • New Taxes Expense: 2009
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2023
Sold by
Mad Investments Inc
Bought by
Platinum Resources Llc
Current Estimated Value
$447,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,428
Outstanding Balance
$239,148
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$190,149

Purchase Details

Listed on
Apr 11, 2019
Closed on
Apr 23, 2019
Sold by
Lb Property Management Llc
Bought by
Mad Investments Inc
Seller's Agent
AJ Francis
Keller Williams Realty Acadiana
Buyer's Agent
Sharon Lopresto
Sharon Lopresto Appraisal Services
List Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%

Purchase Details

Listed on
Nov 12, 2018
Closed on
Dec 12, 2018
Sold by
Magnolia Villas Of Lafayette Llc
Bought by
Lb Property Management Llc
Seller's Agent
Phil Devey
Frontline Real Estate Group
Buyer's Agent
Philip Devey
Coldwell Banker Pelican R.E.
List Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.61%
Original Mortgage
$1,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2017
Closed on
Sep 15, 2017
Sold by
Tippet Llc
Bought by
Magnolia Villas Of Lafayette Llc
Seller's Agent
Phil Devey
Frontline Real Estate Group
Buyer's Agent
Barry Fabacher
PRUDENTIAL SATURN, REALTORS
List Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%

Purchase Details

Listed on
Dec 23, 2013
Closed on
Apr 29, 2014
Sold by
C Tim Go Llc
Bought by
Tippet Llc
Seller's Agent
Tim Gossen
Coldwell Banker Pelican E.L.
Buyer's Agent
Philip Devey
Coldwell Banker Pelican R.E.
List Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$236,151
Interest Rate
4.46%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Deed $430,000 None Listed On Document
Cash Sale Deed $300,000 Wfg National Title
Cash Sale Deed $305,000 Commonwealth Land Title
Cash Sale Deed $2,800,000 None Available
Cash Sale Deed $220,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $430,428 New Conventional
Previous Owner $1,000 New Conventional
Previous Owner $236,151 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2019 04/24/19 Sold -- -- --
04/15/2019 04/15/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $330,000 +1.5% $41 / Sq Ft
12/18/2018 12/18/18 Sold -- -- --
11/15/2018 11/15/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $325,000 +8.4% $41 / Sq Ft
09/15/2017 09/15/17 Sold -- -- --
08/09/2017 08/09/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $299,900 -9.1% $37 / Sq Ft
04/29/2014 04/29/14 Sold -- -- --
04/04/2014 04/04/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $330,000 -- $41 / 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 $4,030 $38,309 $3,470 $34,839
2023 $4,030 $24,699 $3,470 $21,229
2022 $2,584 $24,699 $3,470 $21,229
2021 $2,593 $24,699 $3,470 $21,229
2020 $2,584 $24,699 $3,470 $21,229
2019 $2,036 $24,699 $3,470 $21,229
2018 $2,011 $19,709 $3,470 $16,239
2017 $2,009 $19,709 $3,470 $16,239
2015 $1,982 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 18011601

REALTOR® Association of Acadiana

APN: 6153776