112 COURET DRFAYETTE

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112 COURET DRFAYETTE

LAFAYETTE, LA 70507
Asking Price
$1.13M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel available for acquisition in Lafayette, Louisiana.
  • The property is currently listed at an asking price of $1,125,000.
  • Site coordinates are recorded at 30.2594 latitude and -92.0403 longitude.
  • Lafayette remains a central hub for economic activity in the region.
  • Well-positioned site for future residential development and master planning projects.

What's Special

Residential development serves as the primary potential use for this land parcel situated on Couret Drive in Lafayette. Positioned within a growing regional hub in Louisiana, the site offers a strategic footprint for builders or investors looking to expand housing inventory. Lafayette maintains a diverse economic base driven by energy, healthcare, and retail sectors, providing a consistent demand for new residential product throughout the metro area. Connectivity to major regional transit routes supports residential viability for potential occupants commuting to nearby employment centers. This tract presents a defined opportunity for site planning and construction in an established parish environment. Developers can leverage the accessibility of this site to create housing solutions that cater to the evolving needs of the local population and the surrounding suburban landscape.

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NOI
$80,000
Cap Rate
7.11%
DSCR
1.20
Tight
Cash-on-Cash
3.91%
Monthly Payment
$5,565.886
Annual Cash Flow
$13,209.366

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