Multifamily
The Lux of Lafayette
317 Guilbeau Rd, Lafayette, LA 70506
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of The Lux Apartments, a 128-unit multifamily property located in Lafayette, Louisiana. This well-positioned, fully rehabilitated asset offers a stabilized investment opportunity in one of the state’s most dynamic and growing markets. The property has undergone extensive renovations, including new stainless-steel appliances, granite countertops, and wood flooring, ensuring minimal deferred maintenance and providing an immediate turnkey investment for prospective buyers.
The Lux Apartments is situated in a thriving region, benefiting from Lafayette’s diverse economy, which includes industries such as healthcare, education, energy, and technology. The area continues to attract businesses and residents, resulting in strong demand for housing and steady rent growth. The property is located near key employers, including the University of Louisiana at Lafayette, Lafayette General Medical Center, and several energy companies, providing a stable tenant base and reducing vacancy risk.
With the property’s recent upgrades and stabilization, it offers investors the opportunity for a long-term, low-maintenance asset in a competitive market with limited new developments.
Investment Highlights
- Fully Rehabilitated and Stabilized Asset: The Lux Apartments recently underwent a full renovation, including new stainless-steel appliances, granite countertops, and wood flooring.
- 128 Modernized Units in a Prime Location: This128-unit property provides high-quality living for tenants, located in the heart of Lafayette with convenient access to major highways and entertainment.
- Strong Economic and Population Growth: Lafayette's economy continues to grow, fueled by its diverse industries such as healthcare, education, and energy, resulting in strong demand for housing.
- Minimal Deferred Maintenance: The property's full rehabilitation ensures that investors can expect minimal maintenance needs, offering a low-touch, high-value investment.
- A 105-unit complex located in Lafayette, LA, under the same ownership, may also be available for purchase. Please contact Broker for additional information.
Listing Price: Request For Offer
Investment Highlights
- Fully Rehabilitated and Stabilized Asset: The Lux Apartments recently underwent a full renovation, including new stainless-steel appliances, granite countertops, and wood flooring.
- 128 Modernized Units in a Prime Location: This128-unit property provides high-quality living for tenants, located in the heart of Lafayette with convenient access to major highways and entertainment.
- Strong Economic and Population Growth: Lafayette's economy continues to grow, fueled by its diverse industries such as healthcare, education, and energy, resulting in strong demand for housing.
- Minimal Deferred Maintenance: The property's full rehabilitation ensures that investors can expect minimal maintenance needs, offering a low-touch, high-value investment.
- A 105-unit complex located in Lafayette, LA, under the same ownership, may also be available for purchase. Please contact Broker for additional information.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of The Lux Apartments, a 128-unit multifamily property located in Lafayette, Louisiana. This well-positioned, fully rehabilitated asset offers a stabilized investment opportunity in one of the state’s most dynamic and growing markets. The property has undergone extensive renovations, including new stainless-steel appliances, granite countertops, and wood flooring, ensuring minimal deferred maintenance and providing an immediate turnkey investment for prospective buyers. The Lux Apartments is situated in a thriving region, benefiting from Lafayette’s diverse economy, which includes industries such as healthcare, education, energy, and technology. The area continues to attract businesses and residents, resulting in strong demand for housing and steady rent growth. The property is located near key employers, including the University of Louisiana at Lafayette, Lafayette General Medical Center, and several energy companies, providing a stable tenant base and reducing vacancy risk. With the property’s recent upgrades and stabilization, it offers investors the opportunity for a long-term, low-maintenance asset in a competitive market with limited new developments.