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    2719 Cameron St Lafayette, LA 70506

    Sponsored
    For Sale
    $499,000

    Six-unit apartment building, 100% occupied.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional multifamily investment property, located at 2719 Cameron St, Lafayette, LA 70506, presents a compelling opportunity for owner-users or investors. The property consists of two buildings totaling 3,000 square feet, situated on a single lot. One building features five one-bedroom apartments, with one unit recently updated. The second building, renovated last year, offers a spacious four-bedroom, two-bathroom unit with a den and dining room. Currently boasting 100% occupancy since November 1st, 2023, the property generates a substantial monthly income of $5,275. Ten parking spaces are available for residents. Individual electric meters ensure efficient utility management for each unit. The owner covers sewer, water, and trash services. The roof on the five-unit building was replaced in 2020. The property is offered at $499,000, representing a price per unit of $89,166.67. This is a cash-flowing investment with significant potential for future growth. The property's APN is 6067779. This is a ground lease-free property.

    Property Features for 2719 Cameron St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,000 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    6

    HighLights

    • Exceptional multifamily investment opportunity in Lafayette, LA.
    • Two buildings totaling 3,000 square feet on a single lot.
    • Nine rental units: five one‑bedroom apartments (one recently updated) and one four‑bedroom, two‑bathroom unit (renovated last year).
    • 100% occupancy since November 1, 2023, generating $5,275 monthly income.
    • Ten parking spaces and individual electric meters.
    • Owner pays water, sewer, and trash; roof on five‑unit building replaced in 2020.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0477381
    Latitude
    30.2321254

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    FAQs

    What type of property is this?
    Multifamily property - Six-unit apartment building, 100% occupied.
    Where is this multifamily property located?
    The property is located at 2719 Cameron St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity in Lafayette, LA.; Two buildings totaling 3,000 square feet on a single lot.; Nine rental units: five one-bedroom apartments (one recently updated) and one four-bedroom, two-bathroom unit (renovated last year).
    Request Owner's contact information
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    Lafayette, LA 70506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2719 Cameron St Lafayette, LA 70506
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