143 Martin Luther King Jr Dr Lafayette, LA 70501

This exceptional multifamily investment opportunity presents a 12-unit apartment complex ideally situated in Lafayette, Louisiana, at 143 Martin Luther King Jr Dr, zip code 70501. The property boasts a total of 7,020 square feet across two, two-story buildings situated on a 0.84-acre lot (36,590 square feet). Built in 1980, the complex comprises six one-bedroom and six two-bedroom apartments, generating monthly rental income ranging from $525 to $675. Adding to the income stream is a separate 1-bedroom, 1-bathroom house renting for $350 per month, and a 600-square-foot warehouse providing valuable storage space for maintenance and lawn equipment. Ample parking is available with 20 spaces. The asking price is $560,000, translating to $46,667 per unit and $79.77 per square foot. This property's location near I-10 ensures high occupancy rates within a sought-after rental market. The property's APN is 6068886. This is a strong investment opportunity with significant potential for future growth and return.