USALALafayetteMills Addition510 Madison St
510 Madison - front ext 1 | Image 1
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$295,000

510 Madison St, Lafayette, LA

Real Estate

For Sale

$--,---,---
538
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 50
Approx. Age 
MLS® Number 2500000133

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Discover exceptional value-add investment potential in downtown Lafayette with this spacious 4 Plex property offering: Two 2 bedroom/1 bathroom units & Two 1 bedroom/1 bathroom units across 2, 890 square feet. Currently generating $30, 360 in annual rental income--well below market rates--this property presents an opportunity to increase returns to approximately $35, 580 yearly with appropriate adjustments.Nestled in the vibrant heart of Lafayette, residents enjoy the perfect blend of urban convenience and cultural richness. The property sits within walking distance of beloved community treasures including Parc Sans Souci, Parc International, and the Lafayette Public Library Main Branch.Culture enthusiasts will appreciate proximity to the renowned Acadiana Center for the Arts and the internationally celebrated Festival International, which transforms downtown into a global cultural showcase each spring. Food lovers will delight in the array of nearby restaurants offering authentic Cajun cuisine and diverse dining options.This well-positioned multi-family home offers the perfect combination of steady income potential and quality living space in one of Lafayette's most desirable neighborhoods. Whether you're looking to expand your investment portfolio or seeking a property with reliable returns, this downtown gem delivers both character and practical value in Louisiana's cultural capital.Each unit has been rewired (2007) and the plumbing has been upgraded over the years. Each unit has washer and dryer connections.Show Description
MLS® Number2500000133
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Heat Unit(s)
A/CWindow Unit(s), AC Unit(s)
Heating Fuel

Extras

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