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Buy&Hold (MULTIFAMILY): (128 UNITS) 317 GUILBEAU RD, LAFAYETTE, LA 70506 + $11,700,000

Multifamily Investment Opportunity










Price

$11,700,000


Executive Summary for 317 Guilbeau Rd, Lafayette, Louisiana 70506

We are pleased to present an exclusive off-market investment opportunity located in the heart of Lafayette, Louisiana. This unique offering consists of a 128-unit multifamily property, showcasing a blend of comfort, style, and affordability.


Sales Price: $11,700,000

Units: 128

Price Per Unit: $91,406.25

Current Average Rent: $881 - Surpassing the 1% Rule

Year Built: 1970

Occupancy Rate: 71%

Rent Ready Units: 29%



Utilities are efficiently managed with common electric expenses covered by the owner, while tenants are responsible for individual electric (metered), as well as water, sewer, and trash through RUBS. The property features a mix of heating solutions including PTAC and Electric Central systems.


Unit Mix:

  • 27 Units (1 bed/1 bath): Approx. 660 sqft, Current Average Rent $758, Market Rent Average $800

  • 50 Units (2 bed/1 bath): Approx. 810 sqft, Current Average Rent $872, Market Rent Average $1,000

  • 51 Units (3 bed/1.5 bath): Approx. 1,006 sqft, Current Average Rent $971, Market Rent Average $1,150


Area Demographics - Lafayette, Louisiana: Lafayette offers a landlord-friendly market with a high demand for rental housing, attributed to its vibrant community and continuous growth. The area is walkable to local shops and restaurants, with many significant development plans in place for the downtown area. Lafayette is experiencing substantial growth in both job opportunities and population, making it an ideal location for real estate investments. Notably, rental housing comprises 44% of all households in the area.

Interested parties are encouraged to submit their offers directly to investments@promiselandrealtyllc.com. Proof of Funds (POF) is required for the release of financial details.


Do not miss this opportunity to invest in a property that promises growth, stability, and returns in the thriving community of Lafayette, Louisiana.



Property Map



"THE #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES IN AMERICA"




PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors/BROKERS add your fee on top.



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