Do Real Estate on the Go!
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Do Real Estate on the Go!
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$283,000
-- Bed
- -- Bath
--sqft
114 Hummingbird Ln #A-B-C-D, Lafayette, LA 70506
$283,000
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Quadruplex
Built in -
$-- HOA
-- sqft lot
--/sqft
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....
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
REALTOR® Association of Acadiana (Lafayette) MLS
MLS Number
2500005684
MLS Status
Pending
Days on Market
30
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