$1,250,000

305 Thelma Dr Lafayette, LA 70506

Oaklawn Neighborhood

Estimated payment $6,634/month

Total Views 16,329
12 Beds
7 Baths
4,582 Sq Ft
$273 Price per Sq Ft

Highlights

  • Porch
  • Shed
  • Dining Room
  • 28 Car Attached Garage
  • Central Air
  • Ceiling Fan

About This Home

Seize this unique opportunity to expand or start your investment portfolio with a package of 14 income-producing properties spread across Lafayette, Sunset, and Opelousas, generating $13,465 per month in rental income. Many of the homes have been updated and refreshed, offering added appeal and minimal initial upkeep. With most properties conveniently located near each other in each area, this package is ideal for efficient management and increased ROI. Perfect for investors looking to scale before year-end, the seller is open to package or individual sales. All properties are tenant-occupied; offers must include proof of funds and require a 48-hour notice for showings.

Listing Agent

Teresa Rainey

Real Broker, LLC License #0995691537 Listed on: 10/30/2024

Co-Listing Agent

Jill Tyrone

Real Broker, LLC License #995718882

Property Details

Home Type

  • Multi-Family

Lot Details

  • Property is Fully Fenced
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • HardiePlank Type

Interior Spaces

  • 4,582 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Room

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 28 Car Attached Garage
  • Carport

Outdoor Features

  • Exterior Lighting
  • Shed
  • Porch

Schools

  • Westside Elementary School
  • Scott Middle School
  • Acadiana High School

Utilities

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

Listing and Financial Details

  • Tenant pays for broadband/internet access, cable/sat TV, electricity, gas, sewer, trash collection, water
  • Tax Lot 9

Community Details

Overview

  • 14 Units

Building Details

  • 4 Leased Units
  • Insurance Expense $1,098
  • Gross Income $130,740

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size: See document
  • Co List Office Phone: 337-534-0555
  • Subdivision Name: None
  • Directions: Directions vary.
  • Carport Y N: Yes
  • Building Stories: 1
  • Structure Type: Unit 1(Other), Unit 2(Other), Unit 3(Other), Unit 4(Other)
  • List_136: 92.050939
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 12
  • Interior Amenities: Ceiling Fan(s), Unit 1(Dining Room)
  • Living Area: 4582

Exterior Features

  • Fencing: Chain Link, Full, Partial, Wood
  • Lot Features: Level
  • Construction Type: Brick, Frame, Brick Veneer, HardiPlank Type, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Shed(s), Storage
  • Patio And Porch Features: Porch, Unit 1 Porch/Patio/Deck
  • Property Condition: Resale
  • Roof: Composition, Metal

Garage/Parking

  • Parking Features: Attached, Carport, Covered, Varies by Unit
  • Total Parking Spaces: 28

Utilities

  • Laundry Features: 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,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 Available, Cable Connected, Fiber Available

Schools

  • Elementary School: Westside
  • Junior High Dist: Lafayette Parish
  • High School: Acadiana
  • Middle Or Junior School: Scott

Rental Info

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

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 130740
  • Insurance Expense: 1097.81
  • Number Of Units Leased: 4
  • Total Actual Rent: 4000

Tax Info

  • Tax Lot: 9

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $779 $7,406 $620 $6,786
2023 $779 $6,960 $620 $6,340
2022 $728 $6,960 $620 $6,340
2021 $731 $6,960 $620 $6,340
2020 $728 $6,960 $620 $6,340
2019 $574 $6,960 $620 $6,340
2018 $710 $6,960 $620 $6,340
2017 $709 $6,960 $620 $6,340
2015 $709 $6,960 $620 $6,340
2013 -- $6,960 $620 $6,340
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2024 10/30/24 For Sale $1,250,000 -- $273 / Sq Ft
Source: REALTOR® Association of Acadiana

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed -- None Available
Source: Public Records

About the Listing Agent

Teresa Rainey
Teresa Rainey

Real Broker, LLC

(337) 674-3931

Section Image

Real estate—but done differently. With nearly 15 years of experience and hundreds of transactions under her belt, Teresa Rainey helps buyers, sellers, and investors navigate real estate with clarity, strategy, and zero fluff. She’s known for telling the truth (even when it’s inconvenient), thinking outside the box, and finding creative solutions that actually work in today’s market.

Teresa specializes in residential sales, investment properties, renovations, and short-term rentals,

View Teresa's Profile

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Source: REALTOR® Association of Acadiana

MLS Number: 24010191

REALTOR® Association of Acadiana

APN: 6047553

Louisiana Lafayette Parish Lafayette 70506 Oaklawn

305 Thelma Dr, Lafayette, LA

For Sale

MultiFamily

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 Rainey
Teresa Rainey
Listing Agent Section Image
Real Broker, LLC
(337) 674-3931