1304 Martin Luther King Jr Drive, Lafayette, LA 70501 (MLS# 2020021191)

1304 Martin Luther King Jr Drive, Lafayette, LA 70501

$110,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,191 Lot Size (sq. ft.): 6,098 Status: Pending
Current Price: $110,000 List Date: 3/03/2025 Last Modified: 5/02/2025

Description

Charming Cottage with Rental Income and Special Financing!! Welcome to this delightful 3-bedroom, 2-bath cottage designed with comfort and convenience in mind. Featuring a spacious open living concept, the home offers a warm and inviting atmosphere perfect for both everyday living and entertaining. The cabinet-filled eat-in kitchen seamlessly connects to a generous den area, creating a functional and welcoming central space. Two of the bedrooms provide plenty of room, while the third bedroom—located off the master bathroom—offers flexibility as a home office, craft room, or small bedroom with direct exterior access. Outside, a double carport provides ample covered parking, and a small metal storage building in the backyard offers additional storage. Located directly across from Parkway Place Shopping Center, this home is conveniently near an elementary school, shopping, restaurants, and has easy access to both I-49 and I-10, making it an ideal blend of community and convenience. This income-producing property currently has a tenant in place, generating $1,100 per month in rental income—an excellent opportunity for investors. Additionally, special financing is available, making homeownership more accessible. This home qualifies for 100% financing, and buyers may receive up to $10,000 in lender credit, which can be applied toward closing costs, prepaids/escrow, a rate buy-down, or even a home warranty. This opportunity is not limited to first-time homebuyers, as you can own one other financed property and still qualify. Don't miss out on this fantastic opportunity. Please do not disturb the tenant. No showings will be scheduled until we have an accepted offer. All offers must be submitted with proof of funds.

Supplements: ********

More Information MLS# 2020021191

Listing Info

Status: Pending Listing Date: 2025-03-03 Listing Price: 110000 Current Price: $110,000 List Price/SqFt: 92.36 Type: Detached Single Family

Location Tax Legal Info

Street Number: 1304 Street Name: Martin Luther King Jr St Suffix: Drive Parish: Lafayette State: LA Zip Code: 70501 Subdivision: Dugas Addition Area: D Tax Assessment Number: 6088359 Elementary School: Boucher Middle School: Paul Breaux Middle High School: Northside Directions: Kaliste Saloom Rd head northeast towards airport. Turn left onto Hwy 90 which becomes 167 (Evangeline Thruway). as you re enter the city of Lafayette. Continue north, veer onto left lane and turn left onto W Willow St. Make an immediate right onto the N W Frontage Rd. Martin Luther King Jr. Dr. is the first left pass Philadelphia Christian Church. Home is on left with ample parking available.

General Property Description

# Bedrooms: 3 Baths - Full: 2 Total Baths: 2 SqFt - Living: 1191 SqFt - Total: 1200 SqFt - Source: Owner Stories: 1 Year Built: 1975 Approximate Age: 51 - 75 Years Acres: 0.14 Acreage Range: 0 - 0.5 Assn Fee: None Lot Dimensions: 5X85 Mineral Rights: Conveyed Pool on Subject Property: No

Status Change Info

Under Contract Date: 2025-03-16

Parking

Carport Spaces: 2

Property Features

Style: Traditional Siding: Vinyl Siding Construction: Frame Foundation: Piers Roof: Other Interior: Electric Dryer Con; Electric Washer Con; Some Window Treatments; Other Fireplace: Other Flooring: Vinyl Sheet; Wood Heating: Central Cooling: Central Air Appliances: Electric Range; Microwave; Refrigerator Fencing: Chain Link Lot: Level Amenities: Other Exterior: Landscaped; Outside Light; Porch Other Structures: Other Waterfront: Other Utilities: Elec: City Financing: Cash; Conventional; FHA; VA Documents: Property Disclosure; Property Disclosure
Listing Office: Keller Williams Realty Acadiana
Last Updated: May - 02 - 2025
1304 Martin Luther King Jr Drive, Lafayette, LA 70501- MLS# 2020021191
Broker Attribution: 337-735-9300

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.