303 Cougar Ridge, Lafayette, LA 70508
$465,000
Property Type:
MultiFamily
Square Footage:
4,800
Status:
Active
Current Price:
$465,000
List Date:
7/26/2024
Last Modified:
9/12/2024
Description
*Tenant occupied property. Accepted offer/proof of funds required prior to showings. 48 notice required*
Turnkey 8-Unit Apartment Complex - Fully Occupied in Prime Lafayette Location. Welcome to a superb investment opportunity in Lafayette, LA! This newly refreshed 8-unit apartment complex, situated in a highly desirable area, is fully occupied and ready to generate steady income. Each 600 sqft studio apartment features 1 bedroom and 1 bath, bringing in an average of $625/month. The complex is completely turnkey, with most units upgraded with new breaker panels, AC units, fresh paint, new toilets, updated plumbing, vinyl flooring, and new appliances. Designed for low-maintenance, this property promises hassle-free management and immediate cash flow. Located near shopping, dining, and entertainment, it ensures high tenant demand and consistent occupancy. Don't miss out on this oppurtunity.
Supplements: ********
More Information MLS# 24007073
Listing Info
Status: Active
Listing Date: 2024-07-26
Listing Price: 465000
Current Price: $465,000
List Price/SqFt: 96.88
Seller Willing to Sell Separately?: No
Type: Multi Family
Location Tax Legal Info
Street Number: 303
Street Name: Cougar
St Suffix: Ridge
Parish: Lafayette
State: LA
Zip Code: 70508
Subdivision: Oakcreek
Area: O
Tax Assessment Number: 6014059
Zone: unincorperated
Elementary School: Drexel
Middle School: Broussard
High School: Comeaux
Directions: Take Verot School Road, heading north. Turn right onto Pillette Road. Turn left onto Fox Run Ave.Turn left to stay on Fox Run Ave. Turn left to stay on Fox Run Ave. Turn right onto Badger Trail. Turn right onto Cougar Ridge. Complex will be on the left.
General Property Description
Approximate Age: 41 - 50 Years
Number of Units: 8
Stories: 2
# Buildings: 1
SqFt - Living: 4800
SqFt - Source: Appraiser
Total Parking Spaces: 16
# Heat Units: 8
# AC Units: 8
Individual Metered?: Yes
Lot Dimensions: 60x138
Mineral Rights: Conveyed
Assn Fee: Required
Assn Fee $: 150
Assn Fee Terms: Quarterly
Unit 1
# Units: 1
Beds: 1
Full Baths: 1
SqFt: 600
Rent/Mo: 625
Occupant: Tenant
Unit 2
# Units: 2
Beds: 1
Full Baths: 1
SqFt: 600
Rent/Mo: 625
Occupant: Tenant
Unit 3
# Units: 3
Beds: 1
Rent/Mo: 615
Occupant: Tenant
SqFt: 600
Unit 4
# Units: 4
Beds: 1
Full Baths: 1
SqFt: 600
Rent/Mo: 625
Occupant: Tenant
Sewer
Sewer Company: LUS
Water Source
Water Company: LUS
Property Features
Siding: Wood; Other
Parking: Parking Lot
Construction: Frame
Foundation: Slab
Roof: Composition
Heating: Central; Electric; Other
Cooling: Central Air; Other
Interior: Walk-In Closet(s)
Flooring: Carpet; Vinyl Plank; Vinyl Sheet; Other
Appliances: Electric Range; Electric Range; Refrigerator
Unit 1 Features: Walk-in Closet
Unit 2 Features: Walk-in Closet
Unit 3 Features: Walk-in Closet
Unit 4 Features: Walk-in Closet
Equipment: Cable Available; individual Meter
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Exterior: Outside Light
Lot: Level
Fencing: None
Owner Pays: Sewer; Trash; Water
Tenant Pays: Broadband/Internet Access; Cable/Sat TV; Electric
Sewer: Public Sewer
Water Source: Public
Financing: Cash; Conventional; Private Banking; Other
Documents
Disclosures ›Listing Office: Real Broker, LLC
Last Updated: September - 12 - 2024
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.