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.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
School Information
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.
Licensed by the State of Louisiana, USA.
Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA
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