1. Louisiana
  2. Lafayette
  3. 515 Cedar Crest Court
$275,000

515 Cedar Crest Court, Lafayette, LA 70501

  • 5 beds |
  • 4 baths |
  • 2,224 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $124/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Introducing an incredible multi-family investment opportunity! This charming triplex offers three distinct units, each with its own private entrance, individual A/C unit, and bathroom--perfect for investors or owner-occupants looking to generate rental income. With potential rental income of approximately $4,000 per month furnished or $3,000 per month unfurnished, this property offers flexibility for both long- and medium-term rentals. This is a rare find in today's market, as it meets the coveted 1% rule--where the monthly rent is at least 1% of the purchase price--making it an exceptional investment opportunity. Nestled in a thriving neighborhood just a short walk from downtown, this property combines convenience with lasting value. Located in Flood Zone X, no flood insurance is required, keeping ownership costs down. The home beautifully blends vintage charm with modern updates, featuring natural wood floors and original windows alongside a gas HVAC system and gas stove in the main house for added efficiency. Tenants will appreciate the spacious backyard and generous off-street parking, enhancing comfort and convenience. The prime location near UL, I-10, and the popular Laura 2's Restaurant makes this triplex a smart choice for investing in a high-demand area. With all appliances included, this property is truly move-in or rental-ready. Don't miss out--contact us today for more information and make this fantastic opportunity yours!

Listing Status:
Pending
Listing Office:
Keaty Real Estate Team : 337-235-7770
Listing Agent:
Tyler Albrecht : 337-780-9698
MLS ID:
25001055

This listing courtesy of Tyler Albrecht, Keaty Real Estate Team

Monthly Payment

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

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Location

Schools Nearby

M

Myrtle Place Elementary School

1100 Myrtle Pl, Lafayette, LA, 70506

Grades PK-5

0.21 miles away

L

Lafayette Middle School

1301 W University Ave, Lafayette, LA, 70506

Grades 6-8

0.34 miles away

E

Edward J Sam Accelerated School of Lafayette

200 18th St, Lafayette, LA, 70501

Grades 7-12

1.85 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.