NOT LISTED FOR SALE

508 E Main St Broussard, LA 70518

-- Bed
-- Bath
7,200 Sq Ft
24,394 Sq Ft Lot

Last Sold March 17, 2025

225 Days on Market

Highlights

  • New Construction
  • High Ceiling
  • Central Heating and Cooling System
  • Ernest Gallet Elementary School Rated A-
  • Landscaped
  • Ceiling Fan

About This Home

As of March 2025

Introducing The Villas at Main, a newly built townhouse development from 2023, featuring 8 modern units, each with 2 bedrooms and 2 full bathrooms. All units are currently occupied, guaranteeing a 100% occupancy rate and generating an impressive annual income of $133,920. Tenants are responsible for their own utilities, helping maximize your return on investment. Each unit includes new stainless kitchen appliances, new in-unit washers and dryers, and two assigned parking spots per unit (16 total parking spaces). Situated in a prime location on the redeveloped Main Street in Broussard, these townhouses are highly attractive to tenants. Invest in The Villas at Main to secure a high-quality, income-generating property with excellent tenants. Call today for more information!

Last Agent to Sell the Property

Will Taylor

The Gleason Group License #0995699690 Listed on: 07/01/2024

Co-Listed By

Crystal Guidry

The Gleason Group License #995702612

Last Buyer's Agent

Non-Member Agent/Seller

Non-Mbr Office/Seller

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.56

Home Design

  • New Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 7,200 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • 16 Parking Spaces
  • Assigned Parking

Schools

  • Drexel Elementary School
  • Broussard Middle School
  • Comeaux High School

Utilities

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

Additional Features

  • Exterior Lighting
  • Landscaped

Listing and Financial Details

  • Tenant pays for broadband/internet access, electricity, sewer, trash collection, water

Community Details

Overview

  • 8 Units
  • Villas At Main Condos

Building Details

  • Insurance Expense $16,353
  • Maintenance Expense $5,115
  • New Taxes Expense $9,965
  • Operating Expense $31,433
  • Gross Income $133,920
  • Net Operating Income $102,487

Property Details

Home Type

Multi-Family

Lot Details

0.56 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: IRR
  • CapRate: 0.083833
  • Co List Office Phone: 337-262-7873
  • Subdivision Name: None
  • Directions: From Pinhook, continue onto Main Street in Broussard. The property will be on the right side.
  • Building Name: Villas At Main
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: Yes
  • Building Stories: 1
  • ResoPropertyType: ResidentialIncome
  • List_136: 91.959404
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer, Electric Cooktop, Washer/Dryer
  • Other Equipment: Individual Meter
  • Interior Amenities: High Ceilings, Master Bath, Ceiling Fan(s)

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Property Condition: New Construction
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 16

Utilities

  • Laundry Features: Electric Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Schools

  • Elementary School: Drexel
  • Junior High Dist: Lafayette Parish
  • High School: Comeaux
  • Middle Or Junior School: Broussard

Rental Info

  • Tenant Pays: Broadband/Internet Access, Electricity, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 133920
  • Insurance Expense: 16352.96
  • Maintenance Expense: 5115
  • Property Net Operating Income: 102486.78
  • Annual Operating Expense: 31433.22

Tax Info

  • New Taxes Expense: 9965.26
  • Tax Lot: 0
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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
03/17/2025 03/17/25 Sold -- -- --
02/12/2025 02/12/25 Pending -- -- --
01/17/2025 01/17/25 Price Changed $1,286,250 -7.9% $179 / Sq Ft
07/01/2024 07/01/24 For Sale $1,396,000 -- $194 / Sq Ft
Source: REALTOR® Association of Acadiana

Agents Affiliated with this Home

  • W

    Seller's Agent in 2025

    Will Taylor

    The Gleason Group

    (318) 664-4945

    13 in this area

    133 Total Sales

    Will Taylor
    Section Image

  • C

    Seller Co-Listing Agent in 2025

    Crystal Guidry

    The Gleason Group

    (337) 356-3202

    5 in this area

    15 Total Sales

    Crystal Guidry
    Section Image

  • N

    Buyer's Agent in 2025

    Non-Member Agent/Seller

    Non-Mbr Office/Seller

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 24006224

REALTOR® Association of Acadiana
Louisiana Lafayette Parish Broussard 70518

508 E Main St, Broussard, LA

Not Listed for Sale

MultiFamily

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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