NOT LISTED FOR SALE

435 E University Ave Lafayette, LA 70503

Freetown-Port Rico Neighborhood

Estimated Value: $376,000 - $590,000

10 Beds
6 Baths
4,500 Sq Ft
$107/Sq Ft Est. Value

Last Sold June 17, 2016

Current estimated payment $2,839/month

41 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Window Unit Cooling System
  • Woodvale Elementary School Rated A-
  • 9 Car Attached Garage
  • Ceiling Fan

About This Home

As of June 2016

Excellent investment opportunity across from UL's main campus! Four occupied units with low turnover. Freshly painted! Parking for apartments available. W/D connections in the 4BR, 3BR and 2 BR.

Last Agent to Sell the Property

Deborah Pierce

Keller Williams Realty Acadiana License #995685320 Listed on: 04/12/2016

Keller Williams Realty Acadiana

Last Buyer's Agent

Amy Chachere

Your Southern Real Estate Co. License #0995683325

Your Southern Real Estate Co.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50 x 128
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Oven
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Parking

  • 9 Car Attached Garage
  • Open Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • Woodvale Elementary School
  • L J Alleman Middle School
  • Lafayette High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Multiple Heating Units
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $3,125
  • Tenant pays for broadband/internet access, cable/sat TV, electricity
  • The owner pays for sewer, trash collection, water
  • Tax Lot 75

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Insurance Expense $265
  • Maintenance Expense $100
  • Gross Income $37,500

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1469
  • Lot Size: 50 x 128
  • Subdivision Name: None
  • Directions: Johnston St, turn right on University, unit on corner of University and McKinley
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 1
  • ResoPropertyType: ResidentialIncome
  • List_136: 92.015229
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Appliances: Refrigerator, Oven
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Lot Features: Level
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Property Condition: 51 - 75 Years
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Open Parking: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 9

Utilities

  • Laundry Features: Unit 2 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup, Unit 4 Washer/Dryer Hookup
  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Heat Pump, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Schools

  • Elementary School: Woodvale
  • High School: Lafayette
  • Middle Or Junior School: L J Alleman

Lot Info

  • Lot Size Sq Ft: 6400
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 37500
  • Insurance Expense: 265
  • Maintenance Expense: 100
  • Number Of Units Leased: 4
  • Total Actual Rent: 3125

Tax Info

  • Tax Lot: 75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
Jun 17, 2016
Sold by
Pierce John David
Bought by
Lewis Joshua M and Bryant Lewis Shekhina Lee
Seller's Agent
Deborah Pierce
Keller Williams Realty Acadiana
Buyer's Agent
Amy Chachere
Your Southern Real Estate Co.
List Price
$310,000
Current Estimated Value
$483,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%

Purchase Details

Closed on
Jun 20, 2013
Sold by
Pierce John David
Bought by
Midwest Management Us Bank

Purchase Details

Closed on
May 18, 2006
Sold by
Prc Investements Llc
Bought by
Pierce John David

Purchase Details

Closed on
Jan 14, 2005
Sold by
Landry & Landry Properties Llc
Bought by
Prc Investments Llc and Pierisi Propertuise Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lewis Joshua M $303,500 Multiple
Midwest Management Us Bank -- None Available
Pierce John David $270,000 None Available
Prc Investments Llc $190,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold -- -- --
05/24/2016 05/24/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $310,000 -- $69 / 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 $3,617 $34,378 $5,314 $29,064
2023 $3,617 $31,375 $5,314 $26,061
2022 $3,283 $31,375 $5,314 $26,061
2021 $3,294 $31,375 $5,314 $26,061
2020 $3,283 $31,375 $5,314 $26,061
2019 $2,586 $31,375 $5,314 $26,061
2018 $3,202 $31,375 $5,314 $26,061
2017 $2,631 $25,814 $5,314 $20,500
2015 $1,493 $25,814 $5,314 $20,500
2013 -- $14,670 $820 $13,850
Source: Public Records

Agents Affiliated with this Home

  • Deborah Pierce

    Seller's Agent in 2016

    Deborah Pierce

    Keller Williams Realty Acadiana

    (337) 316-0951

    7 in this area

    154 Total Sales

    Deborah Pierce
    Section Image
  • Amy Chachere

    Buyer's Agent in 2016

    Amy Chachere

    Your Southern Real Estate Co.

    (512) 751-5672

    73 Total Sales

    Amy Chachere
    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 16003449

REALTOR® Association of Acadiana

APN: 6095288

Louisiana Lafayette Parish Lafayette 70501 Freetown-Port Rico

435 E University Ave, Lafayette, LA

Not Listed for Sale

MultiFamily

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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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