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Multifamily

Parkside Apartments

2401 E Simcoe St, Lafayette, LA 70501

Listing Price: Request For Offer

Number of Units
24
Occupancy
93.0%

Investment Overview

24 Units in a value-add opportunity within Lafayette, Louisiana. Rent currently well below market, able to be raised exponentially. Minutes away from Lafayette Regional Airport and University of Lafayette as well as I-10. One current vacancy with a tenant lined up after renovations of that unit are complete.

Investment Highlights

  • - Value-add opportunity in a low-income/low-crime area, minutes away from the highly coveted area of Ranch River. In addition, there have also been updates to the roofing, AC, W/D, and interiors.
  • - 5 minute drive away from the home of the Ragin' Cajuns University of Lafayette. UofL is the second largest in the state, boasting more than 17,000 attendees.
  • - Lafayette lies roughly an hour west of Baton Rouge and 120 miles from the historic city of New Orleans. Metro population growth of 24,100 is expected within the next five years.

Exclusively Listed By

Multifamily

Parkside Apartments

Listing Price: Request For Offer

Number of Units
24
Occupancy
93.0%

Investment Highlights

  • - Value-add opportunity in a low-income/low-crime area, minutes away from the highly coveted area of Ranch River. In addition, there have also been updates to the roofing, AC, W/D, and interiors.
  • - 5 minute drive away from the home of the Ragin' Cajuns University of Lafayette. UofL is the second largest in the state, boasting more than 17,000 attendees.
  • - Lafayette lies roughly an hour west of Baton Rouge and 120 miles from the historic city of New Orleans. Metro population growth of 24,100 is expected within the next five years.

Investment Overview

24 Units in a value-add opportunity within Lafayette, Louisiana. Rent currently well below market, able to be raised exponentially. Minutes away from Lafayette Regional Airport and University of Lafayette as well as I-10. One current vacancy with a tenant lined up after renovations of that unit are complete.

Exclusively Listed By

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