507 Stevenson , Lafayette, LA 70501 | Lafayette Home For Sale and Real Estate

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More about 507 Stevenson , Lafayette, LA 70501

This is an opportunity to own a multi-family investment 2 blocks away from the second largest University in the state of Louisiana. University of Louisiana at Lafayette has an enrollment of 17,500 students and is growing every year. This property is one of the few multi-family buildings within 2 blocks of the University. All the work has been done for a buy and hold investor. All units have new roofs, paint, flooring, and fixtures to name a few. The properties are setup to be low maintenance for many years to come. Students are always looking for affordable housing close to campus. Most vacancies get filled within a week. The numbers break down like this: $32,400- $8,330= $24,070 net. $24,070/$280,000= 8.6% Cap Rate. Solid investment overall between location, desirability,

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Property Details
Area No
Property Type
Approx Age
51 - 75 Years
Gas, Space Heater
Window Units
2 Story
Surrounding Properties
Property Map
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