NOT LISTED FOR SALE

306 W Broussard St Broussard, LA 70518

Estimated Value: $149,022 - $170,000

-- Bed
3 Baths
1,871 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 04, 2023

Current estimated payment $994/month

23 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Partially Fenced Property
  • Dining Room
  • Laundry Facilities
  • Level Lot

About This Home

As of August 2023

Triplex in the heart of Broussard! 306 West Broussard St is a single story, brink on slab Triplex with a new shingled roof in 2019. 100% Occupied!! One one-bedroom and Two 2-bedrooms. One bedroom rents for $525,and both two bedrooms units rent for $675.00. New cabinets in kitchen and bath! Large lot (.24 acre), laundry facility on site, all units have central air and heat, stove, and refrigerator. These units stay rented. School, church and restaurants all within a few blocks. NO SIGN OR LOCLBOX on property - DO NOT DISTRUB TENANTS

Last Agent to Sell the Property

Mo Hannie

NAI Latter & Blum Listed on: 06/08/2023

Last Buyer's Agent

Brian Gotreaux

Keller Williams Realty Acadiana License #0995693775

Keller Williams Realty Acadiana

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,245

Lot Details

  • 10,500 Sq Ft Lot
  • Lot Dimensions are 75 x 140
  • Partially Fenced Property
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,871 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Room
  • Electric Cooktop

Schools

  • C S Burke Elementary School
  • Broussard Middle School
  • Southside High School

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 3 Units
  • R U Bernard Estates Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $7,790
  • Gross Income $20,700
  • Net Operating Income $12,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,245

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.241
  • Lot Size: 75 x 140
  • CapRate: 0.086124
  • Subdivision Name: R U Bernard Estates
  • Directions: South on Pinhook Road, Right on South Jefferson Street, Left on West Broussard Street, the property is on your Left.
  • New Construction: No
  • Building Stories: 1
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Appliances: Electric Cooktop, Electric Range
  • Other Equipment: Individual Meter
  • Owner Pays: Sewer, Trash Collection, Water
  • Flooring: Other
  • Interior Amenities: Ceiling Fan(s), Unit 1(Dining Room)
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Partial
  • Lot Features: Commons, Level
  • Construction Type: Frame, Brick Veneer
  • Foundation Details: Slab
  • Other Structures: Other
  • Property Condition: 21 - 30 Years
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Common Area
  • 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: C S Burke
  • High School: Southside
  • Middle Or Junior School: Broussard

Lot Info

  • Lot Size Sq Ft: 10500
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 20700
  • Property Net Operating Income: 12910
  • Annual Operating Expense: 7790

Tax Info

  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 1, 2023
Sold by
Hk Enterprise Management Inc
Bought by
Dubashi Moehammed
Seller's Agent
Mo Hannie
NAI Latter & Blum
Buyer's Agent
Brian Gotreaux
Keller Williams Realty Acadiana
List Price
$179,900
Sold Price
$149,900
Premium/Discount to List
-$30,000
-16.68%
Views
201
Current Estimated Value
$159,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,856
Avg. Annual Appreciation
3.45%
Original Mortgage
$112,425
Outstanding Balance
$110,405
Interest Rate
6.81%
Estimated Equity
$49,351

Purchase Details

Listed on
Mar 27, 2019
Closed on
Apr 15, 2019
Sold by
Kt Property Management Llc
Bought by
Hk Management Llc
Seller's Agent
Stephen Hundley
Keller Williams Realty Acadiana
Buyer's Agent
Tiffany Carter
HUNCO Real Estate
List Price
$155,000
Sold Price
$160,000
Premium/Discount to List
$5,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.50%

Purchase Details

Closed on
Aug 16, 2006
Sold by
Kolb Michael Ray and Kolb Gayle Yvonne
Bought by
Kt Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dubashi Moehammed $149,900 Md Title
Hk Management Llc $160,000 Chicago Title
Kt Property Management Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dubashi Moehammed $112,425
Previous Owner Hk Management Llc $400,000
Previous Owner Kt Property Management Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold -- -- --
07/06/2023 07/06/23 Pending -- -- --
06/27/2023 06/27/23 Price Changed $149,900 -16.7% $80 / Sq Ft
06/12/2023 06/12/23 For Sale $179,900 +16.1% $96 / Sq Ft
04/15/2019 04/15/19 Sold -- -- --
04/01/2019 04/01/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $155,000 -- $83 / 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 $1,245 $14,366 $1,205 $13,161
2023 $1,245 $13,826 $1,205 $12,621
2022 $1,195 $13,826 $1,205 $12,621
2021 $1,200 $13,826 $1,205 $12,621
2020 $1,199 $13,826 $1,205 $12,621
2019 $1,027 $12,458 $1,205 $11,253
2018 $1,050 $12,458 $1,205 $11,253
2017 $717 $8,519 $1,205 $7,314
2015 $902 $10,750 $520 $10,230
2013 -- $10,750 $520 $10,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 23005118

REALTOR® Association of Acadiana

APN: 6042741