Multifamily
Landon Cove Portfolio
111 Twin Meadow Ln, Lafayette, LA 70508
Listing Price: $4,460,000
Investment Overview
Three 4-plex buildings and one 5-plex building totaling seventeen modern townhome units in the Landon Cove subdivision of Lafayette, Louisiana. Every unit is a 3-bedroom / 2-bathroom floor plan with 1,350 square feet of living space and an attached one-car garage. Built in 2024 as a purpose-built rental (build-to-rent) community.
Unit features include granite countertops, high ceilings, open-concept living areas, tile/vinyl plank flooring, walk-in pantry, full appliance package, washer/dryer hookups, energy-efficient double-pane windows, and central air and heating. Construction is slab-on-grade with Hardie board siding, all-electric utilities, front and rear covered porches, modern farmhouse design, a scenic pond setting, and an HOA-managed subdivision with minimal dues.
Landon Cove Portfolio
Investment Highlights
- 2024 new construction — seventeen purpose-built rental townhomes across three 4-plex buildings and one 5-plex building
- Uniform 3BR/2BA floor plans — every unit 1,350 SF with an attached one-car garage, granite countertops, and full appliance package
- Low-maintenance build-to-rent design — Hardie board siding, slab-on-grade construction, all-electric utilities, energy-efficient double-pane windows
- Lease-up upside — 82.4% occupancy (14 of 17) with three vacant units underwritten at $2,000/mo market rent; Year 1 NOI of $311,413 vs. $259,453 in place
- Lafayette growth-corridor location — off La. Hwy 339 in south Lafayette, minutes from the Youngsville and Broussard growth corridors
Exclusively Listed By
Listing Price: $4,460,000
Investment Highlights
- 2024 new construction — seventeen purpose-built rental townhomes across three 4-plex buildings and one 5-plex building
- Uniform 3BR/2BA floor plans — every unit 1,350 SF with an attached one-car garage, granite countertops, and full appliance package
- Low-maintenance build-to-rent design — Hardie board siding, slab-on-grade construction, all-electric utilities, energy-efficient double-pane windows
- Lease-up upside — 82.4% occupancy (14 of 17) with three vacant units underwritten at $2,000/mo market rent; Year 1 NOI of $311,413 vs. $259,453 in place
- Lafayette growth-corridor location — off La. Hwy 339 in south Lafayette, minutes from the Youngsville and Broussard growth corridors
Investment Overview
Three 4-plex buildings and one 5-plex building totaling seventeen modern townhome units in the Landon Cove subdivision of Lafayette, Louisiana. Every unit is a 3-bedroom / 2-bathroom floor plan with 1,350 square feet of living space and an attached one-car garage. Built in 2024 as a purpose-built rental (build-to-rent) community. Unit features include granite countertops, high ceilings, open-concept living areas, tile/vinyl plank flooring, walk-in pantry, full appliance package, washer/dryer hookups, energy-efficient double-pane windows, and central air and heating. Construction is slab-on-grade with Hardie board siding, all-electric utilities, front and rear covered porches, modern farmhouse design, a scenic pond setting, and an HOA-managed subdivision with minimal dues.
Exclusively Listed By
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