Overview
- 2 Bedrooms
- 1 Bathrooms
- 1,914 ft
- Year Built: 1993
Description
Address: 1018 8th St, Lafayette, LA 70501
💰 Price: $125,000
📏 Square Footage: 1914
🛠️ Year Built: 1993
🏠 Type: Town Home
Property Description: Don’t miss out on this incredible duplex opportunity in Lafayette, LA! Both units feature 2 bedrooms and 1 bathroom, promising great rental potential. Each unit is expected to rent for $900 per month, offering a total cash flow of $1800. But here’s the kicker – you won’t need to qualify for a loan! Purchase this property SUBJECT-TO the existing mortgage with a total payment of just $800 per month.
Investment Details:
ARV (After Repair Value): Approximately $175,000
Repairs Needed: Approximately $25,000
Why Invest:
High Cash Flow: With a potential $1000 per month cash flow, this investment promises great returns.
Low Entry Barrier: Secure the property with just $26,000 down.
Hassle-Free Process: The $26,000 entry fee covers all escrow and title fees, transaction coordination, and assignment.
Vacant Possession: Delivered vacant, allowing you to take charge of the property without any occupancy hurdles.