S
Seller's Agent in 2015
Stephen Hundley
Keller Williams Realty Acadiana
313 E SiMcOe St Lafayette, LA 70501
Evangeline Neighborhood
1
Bed
1
Bath
500
Sq Ft
0.55
Acres
Highlights
- 0.55 Acre Lot
- Balcony
- Storage
- Corner Lot
- Window Unit Cooling System
- Ceramic Tile Flooring
About This Home
As of October 201510% 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 Agent to Sell the Property
Stephen Hundley
Keller Williams Realty Acadiana Listed on: 08/18/2015
Last Buyer's Agent
Lisa Viator
Coldwell Banker Pelican R.E.
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $7,123 | $67,707 | $6,210 | $61,497 |
| 2023 | $7,123 | $67,707 | $6,210 | $61,497 |
| 2022 | $7,085 | $67,707 | $6,210 | $61,497 |
| 2021 | $7,108 | $67,707 | $6,210 | $61,497 |
| 2020 | $7,085 | $67,707 | $6,210 | $61,497 |
| 2019 | $6,124 | $74,302 | $6,210 | $68,092 |
| 2018 | $7,583 | $74,302 | $6,210 | $68,092 |
| 2017 | $7,574 | $74,302 | $6,210 | $68,092 |
| 2015 | $7,479 | $73,469 | $6,210 | $67,259 |
| 2013 | -- | $73,470 | $6,210 | $67,260 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Buyer's Agent in 2015
Lisa Viator
Coldwell Banker Pelican R.E.
Map
Source: REALTOR® Association of Acadiana
MLS Number: 15303799
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.
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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