1000 E Simcoe Street, Lafayette, LA 70501
New Listing
$320,000
Property Type:
MultiFamily
Square Footage:
5,451
Status:
Active
Current Price:
$320,000
List Date:
7/29/2025
Last Modified:
7/29/2025
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
Status: Active
Listing Date: 2025-07-28
Listing Price: 320000
Current Price: $320,000
List Price/SqFt: 58.7
Seller Willing to Sell Separately?: No
Type: Package Homes
Document Modified: 2025-07-29 12:46:22.393847
Modification Timestamp: 2025-07-29T17:47:52Z
Photo Modified: 2025-07-29T17:47:23Z
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
General Property Description
Approximate Age: 41 - 50 Years
Property Condition: Resale
Number of Units: 5
SqFt - Living: 5451
SqFt - Source: Approximate
Total Parking Spaces: 10
Individual Metered?: Yes
Lot Dimensions: 71.5X148.4X151.8X125
Mineral Rights: Reserved
Unit 1
Beds: 3
Full Baths: 2
SqFt: 1100
Rent/Mo: 900
Unit 2
Beds: 2
Full Baths: 1
Rent/Mo: 650
Unit 3
Beds: 4
Full Baths: 2
Rent/Mo: 1050
SqFt: 1695
Unit 4
Beds: 2
Full Baths: 1
SqFt: 1256
Rent/Mo: 640
Water Source
Water Company: LUS
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: July - 29 - 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.