403 S Buchanan , #8

    Lafayette, LA 70501
    • $204,840
    • STATUS: Active
    • ON SITE: 1158 days
    • MLS #: 15304583
    UPDATED: 46 min ago
    $204,840
    • 2
      BEDS
    • 0 - 0.5
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 976
      SQFT
    • $210
      $/SQFT
    Neighborhood:
    Type:
    Condo
    County:
    Area:
    G3

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Introducing The Buchanan Lofts! This retro-chic living space was built in a refurbished downtown warehouse, featuring 8 loft-style condominiums, located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. The Buchanan Lofts were the vision of sisters Leah Simon and Michelle Ezell, and Michele's husband Sean famed owners of Tsunami Lafayette and Tsunami Baton Rouge, who wanted to create an urban living space as cool and modern as the restaurant spaces they had designed and built. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern,contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.

    Monthly Payment Calculator

    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA

    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. Data last updated 2018-11-16T14:11:18.8.
    www.keatyrealestate.com/homes/55936436

    403 S Buchanan , #8 Lafayette, LA 70501

    • Price: $204,840
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 15304583
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0 - 0.5
    Acres
    976
    SQFT
    $210
    $/SQFT
    Neighborhood:
    Old Corporation
    County:
    Lafayette
    Area:
    G3
    Elementary School:
    Myrtle Place
    Middle School:
    Lafayette
    High School:
    Lafayette
    Property Description
    Introducing The Buchanan Lofts! This retro-chic living space was built in a refurbished downtown warehouse, featuring 8 loft-style condominiums, located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. The Buchanan Lofts were the vision of sisters Leah Simon and Michelle Ezell, and Michele's husband Sean famed owners of Tsunami Lafayette and Tsunami Baton Rouge, who wanted to create an urban living space as cool and modern as the restaurant spaces they had designed and built. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern,contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.
    Exterior Features

    Construction Brick Lot Dimensions N/A Mineral Rights Reserved Parking Assigned Pool YN No Roof Other Siding Brick Style Contemporary

    Interior Features

    Appliances Cooktop - ElectricDishwasherRefrigerator Cooling Central Air Flooring Wood Foundation Slab Heating Central Heat Interior Features 9+ Ft CeilingAll Window Treatments Total Baths 1.00

    Property Features

    Approx Age 4 - 5 Years Financing CashConventional Hoa Fee Amount 220.00 Hoa Fee Terms Monthly Hoa Fee Type Required Hoa Includes Ground KeepingInsuranceTrash Disposal Lot Number 1 REO No Residential Type Condominium Sq Ft Source Approximate Utilities Elec: City Water Sewer Public SewerPublic Water Zone Cbd

    Courtesy of Keaty Real Estate Company. Listing information © 2018 REALTOR® Association of Acadiana MLS. All rights reserved.
    Licensed by the State of Louisiana, USA.
    Each Office Independently Owned & Operated.
    Keaty Real Estate, LLC || (337) 235-7770 || Lafayette, LA

    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. Data last updated 2018-11-16T14:11:18.8.
     
    Keaty Real Estate, LLC
    350 Doucet Road, Suite B
    Lafayette LA, 70503