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Sold on 10/30/2015
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313 E Simcoe St, Lafayette, LA 70501

  • $923,000

    Last sold 10/30/2015 for $590K

  • 1

    bed

  • 1

    bath

  • 500

    Sqft ($1,180/Sqft)

Multi-family not for sale
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About 313 E Simcoe St

Property type Multi-family
Neighborhood
HOA fee $0/month
Lot size 0.55 Acre
Movoto estimate
Rental estimate
Property description
10% Cap Rate in the city of Lafayette on a 23 unit apartment building! Property is assessed at $734,697 based on rents submitted to the assessor. This is a turnkey property. Property has been very well maintained. Only $26,000/unit! On site manager collects rent. Complex consists of 4 separate buildings. 22 1-bed 1-bath units and 1 2-bed 1-bath unit. Composition shingle roof is 9 years old and metal roof is 12 years old. Vacancies consistently filled very quickly. Some long term tenants in place. Call for complete P&L and to schedule your appointment. **Seller is willing to owner finance portion of the sale for up to 2 years.
Listed by
Listing Agent - Stephen Hundley
Listing Office - Keller Williams Realty Acadiana
Source: REALTOR® Association of Acadiana mls logo
MLS#15303799 • last updated 2 years ago
Movoto checked REALTOR® Association of Acadiana for data 7 minutes ago
Overview
Cooling/AC Window Unit(s), AC Unit(s)
Heating Space Heater, Wall Furnace, Heat Unit(s)
Levels/Style 2
SqFt 500
SubType Multi Family
Status Sold
MLS # 15303799
Lot Size (Acres) 0.55
Lot Size (Sqft) 23958
Property Condition 51 - 75 Years
Interior
Total # of Bathrooms 1
# of Full Baths 1
Total # of Bedrooms 1
Flooring Ceramic Tile, Carpet
Interior Features Storage
Appliances Electric Range
Exterior
Construction Frame, Brick Veneer
Roof Composition, Metal
Foundation Slab
Parking Assigned
# of Parking Spaces 23
Exterior Features Balcony
Lot Features Corner Lot
Amenities / Utilities
Water Source Public
Security Features Smoke Detector(s)
Location
Subdivision Mudd Addition
Area G3
Elementary School Boucher
High School Northside
Middle School Npmoss
APN 6082812
Directions S On Evangeline Thruway, On Corner Of Simcoe And Thruway
Multifamily Details
Total # of Units 23
Total Rent 525
$923K
Range: $636K-$1.2M
Last 30 days 
Rental est.: $1,196/month
Gross rent multiplier: 41.8
  • Nov 2023
    mls logo MLS # 15303799
  • Nov 3, 2023 Sold
    —
  • Aug 18, 2015 Listed
    $600,000
  • 313 E Simcoe St
    $590K
  • G3
    —
  • 70501
    $150K -14% y/y
  • Lafayette
    $260K -1% y/y
No chart available
Statistics calculated by Movoto

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2/10
Dr. Raphael A. Baranco Elementary School
public Grades K-5
Lafayette Parish School District
4/10
Paul Breaux Middle School
public Grades 5-8
Lafayette Parish School District
4/10
Northside High School
public Grades 9-12
Lafayette Parish School District
Source: GreatSchools.org © 2026. All rights reserved.

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