Remarks
*Tenant occupied property. Accepted offer/proof of funds required prior to showings. 48 notice required* *Ask about creative financing, 30%-40% owner finance/cash back option* Discover a prime investment opportunity with this 6-unit multi-family property in Freetown, perfectly situated within walking distance of the university. Each 2-bedroom, 1-bathroom, 886 sqft unit has been tastefully refreshed with laminate flooring, fresh paint, and more. Currently 100% occupied with tenants responsible for all utilities, this property generates an average rent of approximately $825 per unit, with potential for increases upon renewal. The owner is only responsible for taxes and insurance, making this a fantastic turnkey investment in a high-demand rental area.
Details
- Listing ID:
- 24007027
- Parish
- Lafayette
- Area
- G2
- Subdivision
- Second Mouton
- Financing
- Other, 1031 Exchange, Cash, Conventional, Private Banking
- Assessment
- 6054633
- Legal Desc
- NE P Lot 21 of Second Mouton Add (50x103.75) on Cleveland) (Lamar APTS)
- Parking:
- Open Parking Spaces: 13, Assigned
Interior
- Cooling
- Central Air
- Heating
- Central, Electric
- Lot Dimensions
- 50x103.75
Exterior
- Construction
- Brick
- Lot Description
- Level, Corner
- Roof
- Other
![Image Description]()
Location
- Directions
- Take Johnston Street north and turn right onto General Mouton. Turn left onto Lamar. Complex will be on your right.
- Parish
- Lafayette
- Sub Type:
- Multifamily
- Zoning:
- MN-1
