REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 839,900
Est. payment /mo
Pending
115 W Foch ST Lafayette, LA 70501
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Subdivision Parkdale Add
MLS Listing ID 2500005662
Lot Size 0.255 Acres
Property Sub-Type Multi Family
Property Description
12 Plex Rental Investment property located near Downtown Lafayette. Currently rented to one organization who is paying a total of $10,020 per month and $120, 240 yearly. The organization subleases the units, collects all rents, and makes one monthly payment to the property owner. Unit makeup - (10) 2 Bedroom 1 Bath Units and (2) 1 Bedroom 1 Bath Units. Market value, if rented individually, are $850 per 2 bedroom unit and $800 per 1 bedroom unit. 11% CAP Rate makes this property a very nice income earner with strong profit margins. The owner is in the process of putting a new roof on the property which will make this property, very low maintenance. Full financials available by request.
Location
State LA
County Lafayette
Direction From Johnston St follow to Louisiana Avenue, left on Foch St.
Interior
Heating Central, Electric, Heat Unit(s)
Cooling Central Air, AC Unit(s)
Flooring Carpet, Vinyl Plank
Appliance Electric Range, Refrigerator, Electric Cooktop
Exterior
Exterior Feature Balcony
Fence Privacy, Wood
Roof Type Composition
Garage false
Building
Lot Description Level
Story 2
Foundation Slab
Sewer Public Sewer
Schools
Elementary Schools R. Baranco/Moss
Middle Schools Paul Breaux Middle
High Schools Northside
Listed by Real Broker, LLC
GET MORE INFORMATION