510 Madison St Lafayette, LA 70501

This exceptional four-unit apartment building presents a compelling investment opportunity in Lafayette, Louisiana. Located at 510 Madison Street, this property boasts a prime location within walking distance of the vibrant downtown area, benefiting from the ongoing growth and development in the surrounding neighborhood. The two-story building encompasses a total of 2,890 square feet and sits on a 0.212-acre lot, providing ample space for tenants. The four units comprise two two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments, offering a diverse mix of rental options. Currently generating an annual income of $31,680, this property demonstrates strong cash flow potential. The property features a large driveway and rear parking, providing convenient parking for all tenants. This is an ideal opportunity for investors seeking a stable, income-producing asset in a thriving Louisiana market. The asking price is $339,000. Don't miss this chance to acquire a well-maintained multifamily property in a rapidly developing area. The property's proximity to downtown Lafayette ensures high occupancy rates and strong rental demand. This is a turnkey investment ready for immediate income generation.