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Michael Carr

michaelcarrsells@gmail.com +1(337) 322-9160

$ 63,900

Est. payment | -/mo

4 Beds

2 Baths

953 SqFt

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$ 63,900

Est. payment | -/mo

Save

4 Beds

2 Baths

953 SqFt

Key Details

Property Type Commercial

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 953 sqft

Price per Sqft $67

Subdivision Reynolds

MLS Listing ID 2600002525

Bedrooms 4

Full Baths 2

Lot Size 6969.600 Acres

Acres 0.16

Property Sub-Type Single Family Residence

Property Description

Situated in the heart of Lafayette (70501), this charming 4 bedroom, 2 bathroom cottage represents the gold standard of ''buy-and-hold'' real estate. From the moment you arrive, the welcoming front porch offers classic curb appeal, providing a perfect spot for tenants to enjoy the vibrant Louisiana evenings. Peace of mind comes standard here; the property has recently undergone $14,000 in comprehensive improvements, ensuring that the ''heavy lifting'' is already done. These updates translate directly to lower maintenance costs and higher tenant satisfaction for years to come. Inside, the 953 sqft layout is designed for efficiency and comfort, featuring a bright atmosphere that feels much larger than its footprint. The functional kitchen and living areas are built for durability and ease of use. The exterior is equally impressive for a rental asset. The property features a dedicated back parking area and the highly sought-after addition of covered parking, a premium feature that helps retain long-term tenants. Currently performing with a steady $800 per month in rental income, this property offers an attractive cap rate and immediate cash flow from day one. Whether you are looking to start your portfolio or expand an existing one, this 4 bedroom gem is a stabilized, renovated asset in a high demand rental corridor. The guest apartment is a self-contained living space that can serve as a high-demand studio rental, a private home office, or a 'mother-in-law' suite. In a market where affordable housing is at a premium, having two distinct units on one lot significantly hedges your investment against vacancy while maximizing your price-per-square-foot return.

Location

State LA

Zoning Residential

Interior

Interior Features Solid Surface Counters

Heating Other

Cooling Other, Window Unit(s)

Flooring Other, Vinyl

Fireplace false

Appliance Gas Range

Exterior

Parking Features Carport

Garage Spaces 1.0

Roof Type Metal

Total Parking Spaces 1

Garage false

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Level or Stories 1

Schools

Elementary Schools R. Baranco/Moss

Middle Schools Paul Breaux Middle

High Schools Northside

Others

Tax ID 6055343

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keaty Real Estate Team

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(337) 322-9160

michaelcarrsells@gmail.com

300 Rue Beauregard Unit I, Lafayette, Louisiana, USA

112 Brenda ST Lafayette, LA 70501

Michael Carr

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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112 Brenda ST