1000 E Simcoe Street, Lafayette, LA 70501
$320,000
Property Type:
MultiFamily
Square Footage:
5,451
Status:
Active
Current Price:
$320,000
List Date:
7/29/2025
Last Modified:
9/16/2025
Description
Here's your chance to secure a 5-property single-family rental portfolio in one purchase — perfect for both new and seasoned investors looking to expand their cash flow. These properties have been professionally managed and updated for the past two years, offering a turn-key addition to your portfolio. Current occupancy is 3 out of 5 units, generating $1,940 in monthly rental income, with prior full occupancy rents totaling $3,890 per month. All properties have a consistent rental history and offer potential for increased cash flow through increased rents or minor improvements. Rent roll and management history are available upon request. Please do not disturb tenants. Seller is a licensed real estate broker in the state of Louisiana.
Supplements: ********
More Information MLS# 2500001754
Listing Info
Delayed Marketing: No
List Price/SqFt: 58.7
Seller Willing to Sell Separately?: No
Document Modified: 2025-07-29 12:46:22.393847
Status: Active
Listing Date: 2025-07-28
Listing Price: 320000
Current Price: $320,000
Type: Package Homes
Modification Timestamp: 2025-09-16T15:21:54Z
Photo Modified: 2025-07-30T21:25:22Z
Location, Tax & Legal Info
School District: Lafayette Parish
Multiple Tax Parcels: 6016562
Legal Desc: LOTS 9-10-11-12-13 -14 BLK 3 COMMINGTON ADD (71.5X148.4X151.8X125) P OF 20 FT ALLEY SEC 78 T9S R5E (10X151.8)
LOTS 31-32-33-34 BLK 2 COMMINGTON ADD P OF 20 FT ALLEY (10X145)
General Property Description
Approximate Age: 41 - 50 Years
Property Condition: Resale
Lot Dimensions: 71.5X148.4X151.8X125
SqFt - Total: 5451
SqFt - Source: Approximate
Total Parking Spaces: 10
# Heat Units: 0
# AC Units: 0
Individual Metered?: Yes
Mineral Rights: Reserved
Number of Units: 5
Remarks & Misc
Remarks: Here's your chance to secure a 5-property single-family rental portfolio in one purchase — perfect for both new and seasoned investors looking to expand their cash flow. These properties have been professionally managed and updated for the past two years, offering a turn-key addition to your portfolio. Current occupancy is 3 out of 5 units, generating $1,940 in monthly rental income, with prior full occupancy rents totaling $3,890 per month. All properties have a consistent rental history and offer potential for increased cash flow through increased rents or minor improvements. Rent roll and management history are available upon request. Please do not disturb tenants. Seller is a licensed real estate broker in the state of Louisiana.
Office/Member/Contract Info
REO: No
List AOR: RAA
Siding
Wood: 1
Parking
Assigned: 1
Construction
Frame: 1
Foundation
Piers: 1
Exterior
Outside Light: 1
Roof
Metal: 1
Heating
None: 1
Interior
Electric Dryer Connection: 1
Electric Washer Connection: 1
Cooling
Window Units: 1
Flooring
Laminate: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Water Company: LUS
Appliances
Electric Range: 1
Refrigerator: 1
Unit 1
Beds: 3
Full Baths: 2
SqFt: 1100
Rent/Mo: 900
Unit 2
Beds: 2
Full Baths: 1
Rent/Mo: 650
Security Features
Smoke Detector(s): 1
Unit 3
Beds: 4
Full Baths: 2
Rent/Mo: 1050
SqFt: 1695
Unit 4
Beds: 2
Full Baths: 1
SqFt: 1256
Rent/Mo: 640
Financing
Cash: 1
Conventional: 1
Owner Finance: 1
Tenant Pays
Broadband/Internet Access: 1
Electric: 1
Sewer: 1
Trash: 1
Water: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20250729165422985242000000
Originating System Listing ID: 2500001754
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 1000
Dir: E
Street Name: Simcoe
St Suffix: Street
Parish: Lafayette
State: LA
Zip Code: 70501
Subdivision: Comington Nu Ad
Area: G3
Tax Assessment Number: 6016563
Elementary School: R. Baranco/Moss
Middle School: Paul Breaux Middle
High School: Northside
Directions: Pinhook North, left on Simcoe, properties on corner of Simcoe/Eighth
Property Features
Siding: Wood
Parking: Assigned
Construction: Frame
Foundation: Piers
Roof: Metal
Heating: None
Cooling: Window Units
Interior: Electric Dryer Connection; Electric Washer Connection
Flooring: Laminate
Appliances: Electric Range; Electric Range; Refrigerator
Security Features: Smoke Detector(s)
Exterior: Outside Light
Tenant Pays: Broadband/Internet Access; Electric; Sewer; Trash; Water
Sewer: Public Sewer
Water Source: Public
Financing: Cash; Conventional; Owner Finance
Documents
Lead Based Paint ›Listing Office: Cachet Real Estate, LLC
Last Updated: September - 16 - 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.