NOT LISTED FOR SALE
Studio
-- Bath
6,500 Sq Ft
-- Built

Last Sold February 21, 2022

812 Days on Market

Highlights

  • Secured Garage or Parking
  • Central Heating and Cooling System
  • 4-minute walk to Parc Sans Souci
  • Lafayette High School Rated A-
  • Concrete Flooring

About This Home

As of February 2022

This is an amazing opportunity to purchase a piece of Lafayette. This property includes 3 Residential lofts and 2 income producing commercial properties. This retro-chic living and commercial space was built in a refurbished downtown warehouse, featuring 4 loft-style condominiums, and 3 commercial retail spaces with approximately 1600 and 2500 sqft of leasable retail space. Located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City.The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return. The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.

Last Agent to Sell the Property

Ashley Simon

Keaty Real Estate Team License #0995687622 Listed on: 10/01/2019

Keaty Real Estate Team

Co-Listed By

James Keaty

Keaty Real Estate Team License #30974

Last Buyer's Agent

Leslie Guillory

Keaty Real Estate Team License #0995689973

Keaty Real Estate Team

Property Details

Home Type

  • Multi-Family

HOA Fees

  • $220 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 6,500 Sq Ft Home
  • 2-Story Property
  • Concrete Flooring

Kitchen

  • Dishwasher
  • Disposal

Parking

  • 7 Parking Spaces
  • Secured Garage or Parking
  • Parking Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Community Details

  • 7 Units
  • Old Corporation Subdivision

Listing and Financial Details

  • Tenant pays for broadband/internet access, cable/sat TV, electricity, gas, sewer, trash collection, water
  • Tax Lot 403

Property Details

Home Type

Multi-Family

HOA Fees

$220 per month

Listing Details

  • Prop. Type: Residential Income
  • Lot Size: TBD
  • Co List Office Phone: 337-235-7770
  • Subdivision Name: Old Corporation
  • Directions: Jefferson Street towards Grant street take left on Garfield to left on Buchanan property on left at corner of Buchanan and Garfield. Entrance is to the right of Refinery.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • List_136: 92.017975
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Flooring: Concrete

Exterior Features

  • Construction Type: Brick, Brick Veneer
  • Foundation Details: Slab
  • Property Condition: 76+ Years
  • Roof: Tar/Gravel

Garage/Parking

  • Parking Features: Parking Lot, Secured
  • Total Parking Spaces: 7

Utilities

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

Condo/Co-op/Association

  • Association Fee: 220
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

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

Lot Info

  • Zoning: CBD

Rental Info

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

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Lot: 403
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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 List to Sale Price per Sq Ft
02/21/2022 02/21/22 Sold -- -- --
12/22/2021 12/22/21 Pending -- -- --
10/01/2019 10/01/19 For Sale $1,500,000 -- $231 / Sq Ft
Source: REALTOR® Association of Acadiana

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 19009878

REALTOR® Association of Acadiana
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