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915 S College Rd
Lafayette, LA 70503-2811
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 60 Units <ul><li>Acquire a Stabilized, Cash-Flowing Asset with Rents Positioned Mid-Stack to Comps: Lila Place offers a new owner the opportunity to acquire a stabilized asset at 92% occupancy, generating durable day-one cash flow rather than an execution-dependent turnaround. In-place rents are positioned squarely in the middle of the competitive set, with the rent comparable survey supporting an achievable market rent of $848 per unit against a compset average of $913 — leaving clear, low-risk runway
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
