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River Stone Condominiums
3121 Johnston St., Lafayette, LA 70503
3 Units | Multifamily
River Stone Condo's
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 1,986 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Commission Split:
- Cap Rate:
- No. Stories:
- Year Built:
- Parking Ratio:
- 1 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- Fantastic Location in High Demand Area!
- Great potintial for rental increase!
- NOT in a Flood Zone!
- Brokers protected!
- Seller is Owner/Agent
Great Investment Opportunity!!! Three, one-bedroom, condos in a great location of Lafayette. Fully rented with potential to increase rent! Two are in good shape and being leased for $600.00. One unit has been recently updated with new carpet, tile, paint, lightfixtures and more. New rent for updated unit is $700. Association cares for property management, exterior maintenance, roof, grounds, garbage, water, hot water, sewer, structural insurance, basic cable, pool, etc...
River Stone Condominiums, located in the center of Lafayette, is just blocks away from the University of Louisiana at Lafayette and walking distance to shopping, dining, movies, schools, health club, etc... Lafayette is conveniently located in south central Louisiana at the I-10/I-49 interchange. Although recent growth has been fueled by hurricanes the City of Lafayette has been growing for years and will continue as the hub of a nine parish area known as Acadiana. The recent economic slow down our country has experienced has barely affected the Lafayette economy. Jobs are still available and both residential and commercial growth are strong.
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO