115 W Foch Street, Lafayette, LA 70501
$839,900
Property Type:
MultiFamily
Square Footage:
12,937
Status:
Pending
Current Price:
$839,900
List Date:
11/28/2025
Last Modified:
12/05/2025
Description
12 Plex Rental Investment property located near Downtown Lafayette. Currently rented to one organization who is paying a total of $10,020 per month and $120, 240 yearly. The organization subleases the units, collects all rents, and makes one monthly payment to the property owner. Unit makeup - (10) 2 Bedroom 1 Bath Units and (2) 1 Bedroom 1 Bath Units. Market value, if rented individually, are $850 per 2 bedroom unit and $800 per 1 bedroom unit. 11% CAP Rate makes this property a very nice income earner with strong profit margins. The owner is in the process of putting a new roof on the property which will make this property, very low maintenance. Full financials available by request.
Supplements: ********
More Information MLS# 2500005662
Listing Info
Delayed Marketing: No
List Price/SqFt: 64.92
Seller Willing to Sell Separately?: No
Document Modified: 2025-11-28 08:06:49.739711
Status: Pending
Listing Date: 2025-11-18
Listing Price: 839900
Current Price: $839,900
Type: Multi Family
Modification Timestamp: 2025-12-05T15:51:22Z
Photo Modified: 2025-11-27T13:43:19Z
Location, Tax & Legal Info
Flood Zone: X
School District: Lafayette Parish
Legal Desc: PARTS OF LOTS 1 2 3 & 4 BLK 2 PARKDALE ADD
LESS PARCEL 7-5 SOLD @ 1971-567873
General Property Description
Approximate Age: 31 - 40 Years
Property Condition: Resale
Lot Dimensions: 59.3' X 187' X 59.3' X 187'
Stories: 2
SqFt - Total: 12937
SqFt - Source: Approximate
Total Parking Spaces: 0
# Heat Units: 12
# AC Units: 12
Individual Metered?: Yes
Mineral Rights: Conveyed
Number of Units: 12
Remarks & Misc
Remarks: 12 Plex Rental Investment property located near Downtown Lafayette. Currently rented to one organization who is paying a total of $10,020 per month and $120, 240 yearly. The organization subleases the units, collects all rents, and makes one monthly payment to the property owner. Unit makeup - (10) 2 Bedroom 1 Bath Units and (2) 1 Bedroom 1 Bath Units. Market value, if rented individually, are $850 per 2 bedroom unit and $800 per 1 bedroom unit. 11% CAP Rate makes this property a very nice income earner with strong profit margins. The owner is in the process of putting a new roof on the property which will make this property, very low maintenance. Full financials available by request.
Office/Member/Contract Info
REO: No
Siding
Brick: 1
Hardiplank: 1
Parking
On Street: 1
Parking Lot: 1
Equipment
individual Meter: 1
Construction
Frame: 1
Foundation
Slab: 1
Exterior
Balcony: 1
Patio: 1
Patio
Deck: 1
Porch: 1
Roof
Composition: 1
Heating
Central: 1
Electric: 1
Interior
Electric Stove Connection: 1
Cooling
Central Air: 1
Flooring
Carpet: 1
Vinyl Plank: 1
Sewer
Public Sewer: 1
Sewer Company: LUS
Water Source
Public: 1
Water Company: LUS
Appliances
Electric Range: 1
Refrigerator: 1
Security Features
Smoke Detector(s): 1
Fencing
Privacy: 1
Wood: 1
Lot
Level: 1
Financing
1031 Exchange: 1
Cash: 1
Conventional: 1
Owner Pays
Trash: 1
Tenant Pays
Broadband/Internet Access: 1
Electric: 1
Sewer: 1
Water: 1
Originating Details
Originating System ID: M00000300
Originating System Key: 20251118213238978138
Originating System Listing ID: 2500005662
Originating System Name: RAA Flex
Location Tax Legal Info
Street Number: 115
Dir: W
Street Name: Foch
St Suffix: Street
Parish: Lafayette
State: LA
Zip Code: 70501
Subdivision: Parkdale Add
Area: G3
Tax Assessment Number: 6059429
Elementary School: R. Baranco/Moss
Middle School: Paul Breaux Middle
High School: Northside
Directions: From Johnston St follow to Louisiana Avenue, left on Foch St.
Status Change Info
Under Contract Date: 2025-12-05
Property Features
Siding: Brick; Hardiplank
Parking: On Street; Parking Lot
Construction: Frame
Foundation: Slab
Roof: Composition
Heating: Central; Electric
Cooling: Central Air
Interior: Electric Stove Connection
Flooring: Carpet; Vinyl Plank
Appliances: Electric Range; Electric Range; Refrigerator
Equipment: individual Meter
Security Features: Smoke Detector(s)
Exterior: Balcony; Patio
Lot: Level
Fencing: Privacy; Wood
Owner Pays: Trash
Tenant Pays: Broadband/Internet Access; Electric; Sewer; Water
Sewer: Public Sewer
Water Source: Public
Financing: 1031 Exchange; Cash; Conventional
Documents
Property Tax Information ›Listing Office: Real Broker, LLC
Last Updated: December - 05 - 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.