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2719 Cameron St 5 Unit Apartment Building $450,000 ($90,000/Unit) 14.07% Cap Rate Lafayette, LA 70506
INVESTMENT HIGHLIGHTS
- All units are separately metered for electricity.
- The roof on the 5-unit building was replaced in 2020.
EXECUTIVE SUMMARY
Great investment opportunity, fully rented ($5,275/month), on two rentals on the same property. One building has five, 1-bedroom apartments (one unit is updated), and the other building has 4 bedrooms, den, kitchen, dining room, and two bathrooms, and was renovated last year. Owner pays sewer, water, and trash. All units are separately metered for electricity. The roof on the 5-unit building was replaced in 2020.
PROPERTY FACTS
| Price | $450,000 | Apartment Style | Low-Rise |
| Price Per Unit | $90,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 14.07% | Building Size | 3,000 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2011/2020 |
| Property Subtype | Apartment | ||
| Zoning | C-2 - Commercial | ||
| Price | $450,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 14.07% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 3,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2011/2020 |
| Zoning | C-2 - Commercial |
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2719 Cameron St
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