$283,000
Lafayette, LA 70506
MLS# 2500005684
Status: Pending
2000 sqft
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1 / 49
Property Description
Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month. At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return. Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could elevate the Year 1 return to approximately 45-50%, depending on the buyer's tax position and the results of an independent study. Buyer must verify potential benefits with their CPA or a qualified cost segregation provider. Agent is the owner and property manager and has relationships with a third-party cost segregation company who can assist buyers seeking a preliminary or full study upon request. Pro forma attached showing current numbers, stabilized projections, and tax-adjusted returns.
Details
Documents
Listing Info
Delayed Marketing: No
List Price/SqFt: 141.5
Document Modified: 2025-11-24 11:09:13.460712
Status: Pending
Listing Date: 2025-11-19
Listing Price: 283000
Current Price: $283,000
Type: Quadruplex
Modification Timestamp: 2025-12-19T17:27:54Z
Photo Modified: 2025-11-24T17:57:51Z
Location, Tax & Legal Info
Flood Zone: X
School District: Lafayette Parish
Legal Desc: LOT 10 HUMINGBIRD PLAZA SUB (110X65.34X110X65.14)
General Property Description
Approximate Age: 31 - 40 Years
Property Condition: Fixer
Condition: Fair
Lot Dimensions: 110X65.34X110X65.14
SqFt - Total: 2000
SqFt - Source: Approximate
Total Parking Spaces: 2
# Heat Units: 2
# AC Units: 2
Individual Metered?: Yes
Mineral Rights: Conveyed
Number of Units: 2
Remarks & Misc
Remarks: Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month.
At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return.
Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could elevate the Year 1 return to approximately 45-50%, depending on the buyer's tax position and the results of an independent study. Buyer must verify potential benefits with their CPA or a qualified cost segregation provider.
Agent is the owner and property manager and has relationships with a third-party cost segregation company who can assist buyers seeking a preliminary or full study upon request.
Pro forma attached showing current numbers, stabilized projections, and tax-adjusted returns.
Office/Member/Contract Info
REO: No
Siding
Wood: 1
Construction
Other: 1
Foundation
Slab: 1
Roof
Composition: 1
Heating
Central: 1
Interior
Window Treatments: 1
Cooling
Ceiling Fans: 1
Central Air: 1
Flooring
Carpet: 1
Other: 1
Sewer
Public Sewer: 1
Water Source
Private: 1
Water Company: N/A
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20251119213942620419
Originating System Listing ID: 2500005684
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 114
Street Name: Hummingbird
St Suffix: Lane
Unit #: A-B-C-D
Parish: Lafayette
State: LA
Zip Code: 70506
Subdivision: Hummingbird
Area: K
Tax Assessment Number: 6055000
Elementary School: Ridge
Middle School: Judice
High School: Acadiana
Directions: S Richfield to W Congress to W Broussard to Duhon.
Status Change Info
Under Contract Date: 2025-12-18
Property Features
Siding: Wood
Construction: Other
Foundation: Slab
Roof: Composition
Heating: Central
Cooling: Ceiling Fans; Central Air
Interior: Window Treatments
Flooring: Carpet; Other
Appliances: Dishwasher; Electric Range; Electric Range; Refrigerator
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Public Sewer
Water Source: Private
Financing: Cash; Conventional; FHA; VA
Floor Plan IDX
Listing Office: Keaty Real Estate Team
Last Updated: December - 19 - 2025
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
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. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
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