$283,000

114 Hummingbird Lane B-D, Lafayette, LA 70506

  • 2,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $142/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Fully occupied Lafayette quadplex delivering strong returns with built-in rental upside. Two units were recently updated with fresh paint, and one received all new flooring; another already features newer laminate floors. Current rents of $750, $775, and two at $850 position the property for clear growth, with the remaining units eligible for increases in Spring 2026 to bring all four to $850/month.At current income and expenses (including landlord-paid water, trash, taxes, and insurance), the property performs at an approx. 10.7% CAP rate and 19.25percent cash-on-cash return with 25% down. Once stabilized at $850 per unit, returns improve to an approx. 11.53% CAP and 21.9% CoC. Straight-line depreciation (85/15 split) in a 25% bracket produces an estimated 22% effective Year 1 return.Investors exploring advanced tax strategies may benefit from a cost segregation analysis. Based on typical engineering allocations for similar small multifamily properties, accelerated depreciation could elevate the Year 1 return to approximately 45-50%, depending on the buyer's tax position and the results of an independent study. Buyer must verify potential benefits with their CPA or a qualified cost segregation provider.Agent is the owner and property manager and has relationships with a third-party cost segregation company who can assist buyers seeking a preliminary or full study upon request.Pro forma attached showing current numbers, stabilized projections, and tax-adjusted returns.

Listing Status:
Active
Listing Office:
Keaty Real Estate Team : 337-235-7770
Listing Agent:
James Keaty : 337-344-4236
MLS ID:
2500005684
  • Appliances: DishwasherElectric RangeRefrigerator
  • Flooring: CarpetOther
  • A/C: Ceiling Fan(s)Central AirAC Unit(s)
  • Heating: CentralHeat Unit(s)
  • Roofing: Composition
  • General: OtherWood SidingSlab
  • Originating MLS: RAA
  • School District: Lafayette Parish
  • County: Lafayette
  • Zoning: LOT 10 HUMINGBIRD PLAZA SUB (110X65.34X110X65.14)6055000
  • Sewer: Public Sewer
  • Source: RAA

This listing courtesy of James Keaty, Keaty Real Estate Team

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Ridge Elementary School

2901 S Fieldspan Rd, Duson, LA, 70529

Grades PK-5

2.69 miles away

J

Judice Middle School

2645 S Fieldspan Rd, Duson, LA, 70529

Grades 6-8

2.57 miles away

A

Acadiana High School

315 Rue Du Belier, Lafayette, LA, 70506

Grades 9-12

2.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.