3500 E Simcoe St #31, Lafayette, LA 70501

Discover a rare opportunity in the gated River Trace condominium community--Unit 31, a two-story, 1-bedroom, 1.5-bath condo spanning approximately 1,119 sq ft, built in 1983 and listed for $79,999. This unit is ideal for first-time homebuyers or savvy investors seeking a charming home with tremendous upside potential. Step inside to find soaring ceilings, a cozy wood-burning fireplace, and seamless indoor-outdoor living with both a private balcony and a spacious patio--perfect for morning coffee or evening relaxation. While the carpet needs replacement and some TLC, the solid bones and layout offer a canvas for personalization and value enhancement. The $245/month HOA delivers exceptional value, covering: Homeowners insurance Roof repair or replacement as needed Exterior siding repair, replacement, and painting Exterminator services This comprehensive coverage means you can focus on interior updates and design, while the HOA handles major exterior maintenance and protection. Located in the desirable River Trace subdivision, this condo offers both convenience and community. Nearby, you'll find the Oakbourne Country Club, adding recreational appeal, and the area is well-connected to local amenities and schools. Whether you're looking to make this your first home or add a high-potential property to your investment portfolio, Unit 31 offers affordability, structural peace of mind, and a strong foundation for future equity.