Historical Multifamily Sale Listing - River Stone Condominiums

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River Stone Condominiums

3121 Johnston St., Lafayette, LA 70503

N/A

3 Units | Multifamily

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River Stone Condo's

Multifamily Property - Off Market

Price:
N/A
No. Units:
3
Building Size:
1,986 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8%
Occupancy:
100%
No. Stories:
2
Year Built:
1964
Parking Ratio:
1 / 1,000 SF
Listing ID
14600521
Last Updated
over 1 year ago

Highlights

  • Fantastic Location in High Demand Area!
  • Great potintial for rental increase!
  • NOT in a Flood Zone!
  • Brokers protected!
  • Seller is Owner/Agent

Description

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.

Map of 3121 Johnston St., Lafayette, LA 70503 (Lafayette County)

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Created 4/29/2006