3-Home Multifamily
For Sale
$225,000
Pending
123 Arista Drive, Carencro, LA 70520
Each residence has a three-bedroom, two-bathroom layout.
Property Size3,000 SF
Days on Market62
Property Features for 123 Arista Drive
General Information
Standard status
Pending
Size
3,000 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$654
Building Details
Buildings
3
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius Hornsby · License #69258
(337) 344-9949
Source:
Exprealty
Added: Aug 31
Changed: Oct 30
Last Checked: Oct 30 at 2:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This multifamily property comprises three individual mobile homes on one lot at 123 Arista Drive in Carencro, Louisiana. Each home is arranged with three bedrooms and two bathrooms. The stated property size is 3,000 square feet.
Key Highlights
- Three individual mobile homes occupy one lot
- Each home features 3 bedrooms and 2 bathrooms
- 3,000 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,692
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,840
$393.8K
Cap Rate 7%
$281,314
$281.3K
Cap Rate 9%
$218,800
$218.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$40.3K $13.44/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$35.8K $11.93/SF
− OpEx
−$16.1K −$5.37/SF
NOI
$19.7K $6.56/SF
Area
Lafayette County, LA
Vacancy
11.20%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,840
Cap Rate 7%
$281,314
Cap Rate 9%
$218,800
Alternative Uses
Best Use
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 70520, LA
20,017
Population
9,011
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
38.8 sq mi
ZIP Area
516
Density / Sq Mi
$65,956
Median Household Income
$43,019
Median Earnings
$953
Median Rent
$199,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has a three-bedroom, two-bathroom layout.
Where is this multifamily property located?
The property is located at 123 Arista Drive Carencro, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three individual mobile homes occupy one lot; Each home features 3 bedrooms and 2 bathrooms; 3,000 square feet of property size
