143 Martin Luther King Drive, Lafayette, LA 70501 | Listings

143 Martin Luther King Drive, Lafayette, LA 70501

  • $560,000
  • 7,020 sq ft
  • Multi-Family
  • Listing #24005351

Property Description

For Sale is a 12 Unit Apartment complex located in close proximity to I-10 in a high demand rental area. The property sits on .838 acres and consists of 6-1 bedroom and 6-2 bedroom apartments. Rents range from $525-$675 per month. There is also a 2 bd-1ba home at the front of the property that rents for $350 per month and a 600 square foot warehouse at the rear that serves for storage for maintenance and lawn supplies. Nine of the units are currently occupied currently generating $5,780 per month . The units are individually metered for water, sewer and electricity. Owner pays trash. This is a significant Value-add opportunity.

Listing Details

Price$560,000
Property TypeMulti-Family
Listing #24005351
StatusActive
CountyLafayette
Listing TypeFor Sale

Interior Features

Square Feet7,020
FloorsCarpet, Vinyl Sheet
Heating and CoolingCentral, Central Air

Exterior Features

ExteriorWood
FoundationSlab
RoofComposition
Lot Size0.84 acres

Miscellaneous

MLS AreaD
Measurement SourceOwner

Courtesy of Bridgit Plumbar-Chaisson, Latter & Blum Compass337-781-6341

Realtor Association Of AcadianaCopyright 2024, Realtor® Association Of Acadiana. All rights reserved. The data relating to real estate for sale on this website is deemed reliable but not guaranteed.
This content last updated on 11/29/2024 7:52 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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