NOT LISTED FOR SALE

313 E SiMcOe St Lafayette, LA 70501

Evangeline Neighborhood
1 Bed
1 Bath
500 Sq Ft
0.55 Acres

Last Sold October 30, 2015

38 Days on Market

Highlights

  • 0.55 Acre Lot
  • Balcony
  • Storage
  • Corner Lot
  • Window Unit Cooling System
  • Ceramic Tile Flooring

About This Home

As of October 2015

10% Cap Rate in the city of Lafayette on a 23 unit apartment building! Property is assessed at $734,697 based on rents submitted to the assessor. This is a turnkey property. Property has been very well maintained. Only $26,000/unit! On site manager collects rent. Complex consists of 4 separate buildings. 22 1-bed 1-bath units and 1 2-bed 1-bath unit. Composition shingle roof is 9 years old and metal roof is 12 years old. Vacancies consistently filled very quickly. Some long term tenants in place. Call for complete P&L and to schedule your appointment. **Seller is willing to owner finance portion of the sale for up to 2 years.

Last Listed By

Stephen Hundley

Keller Williams Realty Acadiana Listed on: 08/18/2015

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 100 x 200
  • Corner Lot

Home Design

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

Interior Spaces

  • 500 Sq Ft Home
  • 2-Story Property
  • Storage
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 23 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • Boucher Elementary School
  • Npmoss Middle School
  • Northside High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Total Actual Rent $525
  • Tenant pays for broadband/internet access, cable/sat TV
  • The owner pays for electricity, sewer, trash collection, water
  • Tax Lot 4,21,22

Community Details

Overview

  • 4 Buildings
  • 23 Units
  • Mudd Addition Subdivision

Building Details

  • Insurance Expense $8,000
  • Maintenance Expense $13,406
  • Professional Management Expense $8,000
  • New Taxes Expense $7,564
  • Operating Expense $75,104
  • Gross Income $137,645
  • Net Operating Income $60,375

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.55
  • Lot Size: 100 x 200
  • CapRate: 0.10233
  • Professional Management Expense: 8000
  • Subdivision Name: Mudd Addition
  • Directions: S on Evangeline Thruway, on corner of Simcoe and Thruway
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 4
  • Appliances: Electric Range
  • Owner Pays: Electricity, Sewer, Trash Collection, Water
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Storage
  • Living Area: 500

Exterior Features

  • Lot Features: Corner Lot
  • Construction Type: Frame, Brick Veneer
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Property Condition: 51 - 75 Years
  • Roof: Composition, Metal

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 23

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Space Heater,Wall Furnace, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Boucher
  • High School: Northside
  • Middle Or Junior School: Npmoss

Lot Info

  • Lot Size Sq Ft: 23958
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV

Multi Family

  • Number Of Units Total: 23
  • Annual Gross Income: 137645
  • Insurance Expense: 8000
  • Maintenance Expense: 13406
  • Property Net Operating Income: 60375
  • Annual Operating Expense: 75104
  • Total Actual Rent: 525

Tax Info

  • New Taxes Expense: 7564
  • Tax Lot: 4,21,22

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold -- -- --
09/26/2015 09/26/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $600,000 -- $1,200 / Sq Ft
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stephen Hundley

    Keller Williams Realty Acadiana

  • L

    Buyer's Agent in 2015

    Lisa Viator

    Coldwell Banker Pelican R.E.

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 15303799

REALTOR® Association of Acadiana

Louisiana Lafayette Parish Lafayette 70501 Evangeline

313 E SiMcOe St, Lafayette, LA

Homes for Sale in Lafayette, LA

This home is located at 313 E SiMcOe St, Lafayette, LA 70501 since 18 August 2015. 313 E SiMcOe St is a home located in Lafayette Parish with nearby schools including Dr. Raphael A. Baranco Elementary School, Paul Breaux Middle School, and Northside High School.

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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