$325,000
SOLD OCT 2, 2024
Last list price
8 Beds
8 Baths
3,600 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

15 Days on Market

Highlights

  • Porch
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of October 2024

Fully occupied fourplex in nice location right off of Pinhook in a growth area. The building is currently bringing in $2,475 monthly income and $29,700 yearly. Potential income is $3,400 monthly and $40,800 yearly. All units are townhome style with 2 bedrooms and 1 full bathroom upstairs, and a half bath downstairs with washer and dryer connections. There are some long term tenants in the building.

Last Agent to Sell the Property

Michael Carr

Real Broker, LLC License #0995701322 Listed on: 07/30/2024

Real Broker, LLC

Co-Listed By

Jamie Knight

Real Broker, LLC License #69168

Last Buyer's Agent

Tony Dozart

EXP Realty, LLC License #995711768

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,509

Year Built

  • 1860

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60' x 110'

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 4 Parking Spaces
  • Parking Lot

Outdoor Features

  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Total Actual Rent $2,475
  • Tax Lot 10

Community Details

Overview

  • 4 Units
  • Oakcreek Subdivision

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • Insurance Expense $3,221
  • New Taxes Expense $1,441
  • Gross Income $29,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,509

Year Built

1860

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Lot Size: 60' x 110'
  • Co List Office Mls Id: l001335
  • Co List Office Phone: 337-534-0555
  • Subdivision Name: Oakcreek
  • Directions: Head Northeast on W Pinhook, Take a left on Board rd, You will hit Fox Run Ave and the fourplex will be on your right.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 1(Twinhome), Unit 2(Twinhome), Unit 3(Twinhome), Unit 4(Twinhome)
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 2
  • Year Built (Public Record): 1860

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Other, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Interior Amenities: Ceiling Fan(s), Unit 1(Dining Room,Eat-in Kitchen), Unit 2(Dining Room,Eat-in Kitchen), Unit 3(Dining Room,Eat-in Kitchen), Unit 4(Dining Room,Eat-in Kitchen)
  • Living Area: 3600

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Unit 1 Porch/Patio/Deck, Unit 2 Porch/Patio/Deck, Unit 3 Porch/Patio/Deck, Unit 4 Porch/Patio/Deck
  • Property Condition: 41 - 50 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Lot
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Unit 1 Washer/Dryer Hookup, Unit 2 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup, Unit 4 Washer/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
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Sq Ft: 6534
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29700
  • Insurance Expense: 3221
  • Number Of Units Leased: 3
  • Number Of Units Vacant: 1
  • Total Actual Rent: 2475
  • Income And Expenses Vacancy Allowance: 25

Tax Info

  • New Taxes Expense: 1441
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Oct 2, 2024
Sold by
Ballowe Clarence J
Bought by
Auzenne Deon Whitney
Seller's Agent
Michael Carr
Real Broker, LLC
Buyer's Agent
Tony Dozart
EXP Realty, LLC
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Total Days on Market
15
Current Estimated Value
$314,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,573
Avg. Annual Appreciation
2.24%
Original Mortgage
$310,000
Outstanding Balance
$307,991
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
$6,582
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $310,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $310,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold -- -- --
08/14/2024 08/14/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $325,000 -- $90 / 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 $1,509 $17,088 $2,012 $15,076
2023 $1,509 $16,371 $2,012 $14,359
2022 $1,442 $16,371 $2,012 $14,359
2021 $1,448 $16,371 $2,012 $14,359
2020 $1,446 $16,371 $2,012 $14,359
2019 $1,374 $16,371 $2,012 $14,359
2018 $1,404 $16,371 $2,012 $14,359
2017 $1,402 $16,372 $872 $15,500
2015 $1,366 $16,000 $500 $15,500
2013 -- $16,000 $500 $15,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 24007175

REALTOR® Association of Acadiana

APN: 6012878