DUPLEX FOR SALE IN MAURICE LA.

Multi-Family for Sale
Catylist Listing ID: 30804304
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,200 SF
Gross Land Area: 0.24 Acres
Sale Price: $275,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Building Name: DUPLEX#1 101 DUHON ST.
Usable Size (USF): 2,200 SF
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Average Occupancy Rate: 100
Last Updated: 8/5/2022

Overview / Comments

INVESTORS LOOK HERE! BEAUTIFUL 100% OCCUPIED DUPLEX WITH LONG TERM TENANTS ONLY 13 YRS OLD IN MAURICE, & THE MAURICE SCHOOL DISTRICTS.

RENTS ARE CURRENTLY BELOW MARKET AVERAGES ONLY .78 CENTS PER SQUARE FOOT, PLENTY OF ROOM FOR NEW OWNER TO INCREASE.

Open Floor plan to kitchen each unit has granite countertops, custom cabinetry. Both units have 2 bedrooms 1 bath, central A/C & Heat with 9ft ceilings, and Washer/Dryer Hook-ups. Covered patio & fenced yard, Hardiplank on the exterior, built on slab and single story. Showings contingent on accepted Offer.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $1,200 (Annual)
Potential Rental Income $52,800 (Annual)
Gross Operating Income $43,200 (Annual)
Net Operating Income $36,800 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Lafayette
County: Vermilion
Taxing Authority: VERMILION
Tax ID/APN: Rm066450
Zoning: RESIDENTIAL
Percent Occupied: 100%
Property Located Between: CITY OF MAURICE & THE CITY OF LAFAYETTE
Highway Access: HWY 167 JOHNSTON STREET, PROPERTY IS LESS THAN 200 METERS FROM HWY 167 SOUTH.
Airports: NONE
Site Description: DUPLEX IS BUILT ON CONCRETE SLAB, UNIT IS APPX. 13 YEARS OLD, CONTAINING TWO APARTMENTS 2 BEDROOM 1 BATH 1100 SQ FT. EACH WITH BACK YARD ACCESS FULLY FENCED WITH WOODEN PRIVACY FENCE FOR EACH.
Area Description: DUPLEXES ON DEAD END STREET WITH LIMITED TRAFFIC, CORNER LOT ADJACENT TO DAYCARE CENTER ADJACENT TO THE BACKYARD FENCE OF THE PROPERTY. PROPERTY IS IN THE CITY OF MAURICE WITH EASY ACCESS TO HWY 167 TO ABBEVILLE, LA. OR 15 MINUTES OUTSIDE OF LAFAYETTE, LA.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 2009
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: HardiePlank Siding, Wood Frame
Exterior Description: TRADITIONAL STYLED DUPLEX CONSTRUCTION SINGLE LEVEL, FRONT/BACK DOOR WITH APARTMENTS SIDE BY SIDE, EACH WITH IT'S OWN PRIVATE ENTRANCE. 4 OPEN PARKING SPACES IN FRONT WITH ENOUGH CEMENT SLAB TO ACCOMODATE 8 VEHICLES. SMALL PORCH ON THE FRONT FOR EACH APARTMENT WITH EXTERIOR PRIVACY WALL FOR EACH APARTMENT.
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: THERE IS ADEQUATE SPACE FOR 8 VEHICLES IN FRONT OF THE PROPERTY ON CONCRETE SLAB
Total Parking Spaces: 4
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Cable, Satellite
Interior Description: Open Floor plan to kitchen each unit has granite countertops, custom cabinetry. Both units have 2 bedrooms 1 bath, Central A/C & Heat with 9ft ceilings, and Washer/Dryer Hook-ups. EACH UNIT COMES WITH Microwave; Range/Oven - Electric; Refrigerator
Zoning Description: RESIDENTIAL WITH MULTIPLE HOMES ALONG BOTH SIDES OF TEH STREET, DUHON ST. IS A DEAD END ROAD.
In Flood Plain?: Yes
Lot Frontage: 84.9
Lot Depth: 131.83
Water Service: Municipal
Sewer Type: Municipal
Easements Description: N/A
Land Ownership: OWNED
Legal Description: .242 AC IN SEC 2 T 11 R 3 E BEING LOT #1 (PLAT 2021007798)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,390 42,995
Median Age: 34.37 36.01
Households: 4,088 16,634

Contact

Photograph of Listing Agent

Michael Chapple

Van Eaton & Romero
Lafayette, LA
LACDB Member
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