NOT LISTED FOR SALE

Estimated Value: $94,000 - $117,000

1 Bed
1 Bath
500 Sq Ft
$205/Sq Ft Est. Value

Last Sold September 24, 2013

Current estimated payment $771/month

300 Days on Market

Highlights

  • Gated Community
  • 1.31 Acre Lot
  • Gazebo
  • Lafayette High School Rated A-
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of September 2013

NEW LIQUIDATION PRICE DROPPED BY $200,000. Fantastic investment oportunity in the ''Security Arms Condominiums' gated complex with 4 year old saltwater swimming pool, BBQ gazebo and washateria. Occupany is consistantly 100% with a waiting list. The $95/month HOA fee covers grounds keeping, insurance, external pest control, pool, other utilities, sewer, water, and garbage pickup.

Last Agent to Sell the Property

Mark Van Eaton

Beau Box Commercial Real Estate Listed on: 09/15/2012

Last Buyer's Agent

Philip Devey

Coldwell Banker Pelican R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $993

Lot Details

  • 1.31 Acre Lot
  • Lot Dimensions are 150 x 380
  • Property is Fully Fenced
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence

HOA Fees

  • $95 Monthly HOA Fees

Parking

  • 75 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 500 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Gazebo

Schools

  • Myrtle Place Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $650
  • Tax Lot 5-7, 8-20

Community Details

Overview

  • 4 Buildings
  • 23 Units
  • Bertrand Villa Subdivision

Recreation

  • Community Pool

Building Details

  • 1 Leased Unit
  • Operating Expense $4,705
  • Gross Income $188,940
  • Net Operating Income $11,040

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$993

Lot Details

0

HOA Fees

$95 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.31
  • Lot Size: 150 x 380
  • CapRate: 0.007484
  • Subdivision Name: Bertrand Villa
  • Directions: BETRAND DRIVE NORTH. CROSS CONGRESS ST. LEFT ON ELLA ST. PROPERTY ON RIGHT.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 2(Flat)
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 4
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 500

Exterior Features

  • Fencing: Chain Link, Full, Privacy, Wood
  • Lot Features: Commons
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: Gazebo
  • Property Condition: 21 - 30 Years
  • Roof: Composition, Metal

Garage/Parking

  • Total Parking Spaces: 75

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated, Pool
  • Association Fee: 95
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Elementary School: Myrtle Place
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 57063.6
  • Zoning: B-G
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 23
  • Annual Gross Income: 188940
  • Property Net Operating Income: 11040
  • Number Of Units Leased: 1
  • Annual Operating Expense: 4705
  • Total Actual Rent: 650

Tax Info

  • Tax Lot: 5-7, 8-20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2013
Sold by
S A Condos Llc
Bought by
Cyclone Assets Us Bank
Current Estimated Value
$107,333
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
Cyclone Assets Us Bank -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2013 09/24/13 Sold -- -- --
07/13/2013 07/13/13 Pending -- -- --
09/15/2012 09/15/12 For Sale $1,750,000 -- $3,500 / 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 $993 $9,439 $500 $8,939
2023 $993 $8,900 $500 $8,400
2022 $931 $8,900 $500 $8,400
2021 $934 $8,900 $500 $8,400
2020 $931 $8,900 $500 $8,400
2019 $734 $8,900 $500 $8,400
2018 $908 $8,900 $500 $8,400
2017 $907 $8,900 $500 $8,400
2015 $636 $6,250 $500 $5,750
2013 -- $6,250 $500 $5,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 12238509

REALTOR® Association of Acadiana

APN: 6140105